Current price: 79150
Key point: 78660
Our preferred strategy: Buy positions above 78660 with a first target of 80600 and then a second target of 82300.
Alternative scenario: Stop loss and trend reversal upon breaking the 77970 level, targeting the 76260 level.
Technical commentary
Bitcoin is holding above the key support level of 78660 and above the 200 moving average on the four-hour timeframe, so the price is expected to continue rising to the 80600 level, and then if it breaks through it, it will reach the 82300 level.
