Current price: 64000
Key point: 61000
Our preferred direction: Buy positions above 61000 levels with 73650 as a first target and then 80000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 59,000 level, targeting the 53,000 levels.
Technical commentary
Bitcoin is still moving in a sideways movement on the daily frame since the beginning of last month, between the 59000-61000 levels as support levels and the 69000-71000 levels as resistance levels.
The price forms a bearish flag pattern continuing the upward trend, and Bitcoin is expected to continue rising to its historical peak at 73,650 and then to the 80,000 levels.
