Current price: 64490
Key point: 62485
Our preferred strategy: Buy positions above 62485 with a first target of 65800 and then a second target of 67300.
Alternative scenario: Stop loss and trend reversal upon breaking the 61325 level, targeting the 57800 level.
Technical commentary
Bitcoin is holding above the 200-period moving average on the four-hour timeframe and above the support level of 62485. If it breaks through the resistance level of 64690, the price will then head towards the levels of 65800 and then the levels of 67300.
