Current price: 57715
Key point: 57000
Our preferred direction: Buy positions above 57000 levels with 63870 as the first target and then 66655 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 57,000 level, targeting the 55,000 levels.
Technical commentary
Bitcoin reached support levels on the daily frame at the 57000-58390 area, which corresponds to the 200-day moving average with the ascending trend line with the harmonic BAT pattern, so the price is expected to reach the 63870 levels.
