Current price: 70890
Key point: 69000
Our preferred direction: Buy positions above 69000 levels with 73650 as a first target and then 100000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 69,000 level, targeting the 58,000 levels.
Technical commentary
Bitcoin rose on the daily frame from the support levels of 59000-60975 and above the rising trend line from the bottom of last January
It is expected to continue climbing again to target its historical peak of 73650 to begin its journey towards 100000.
