Current price: 115,300
Key point: 113900
Our preferred direction: Buy positions above 113900 levels with 117900 as the first target and then 122000 as the second target
Alternative scenario: Stop loss and change the trend by breaking the 113,000 level, targeting the 110,000 level.
Technical commentary
Bitcoin has been rising since the middle of this month from the support level of 103,000, breaking through the resistance level of 109,600, and then breaking through the 113,900 levels with a 200 moving average on the four-hour frame. The most famous digital currency is expected to head towards the 117,900 levels and then the 122,000 levels.
