Current price: 67900
Key point: 65000
Our preferred direction: Buy positions above 65,000 levels with 73,500 as a first target and then 80,000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 61000 level, targeting the 53000 levels.
Technical commentary
Bitcoin was able to rise from the support levels of 61,000 and break the upper limit of the descending price channel, which is a continuation flag pattern and stability above the levels of 69,000, and the price is still above the pattern, so it is expected that the price will rise to the levels of 73,500.
