Current price: 82600
Key point: 80000
Our preferred strategy: Buy positions above 80,000 with a first target of 85,000 and then a second target of 90,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 77900 level, targeting the 74000 level.
Technical commentary
Bitcoin managed to break through the important resistance level of 80,000 and hold above it after rising from the support level of 75,000 and then the 78,000 level above the upward trend line from the April low, so Bitcoin is expected to continue rising to the 85,000 level and then the 90,000 level.
