Current price: 61100
Key point: 61000
Our preferred direction: Buy positions above 61000 levels with 69000 as a first target and then 73000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 61000 level, targeting the 53000 levels.
Technical commentary
Bitcoin price is currently stable above the lower bound of the descending price channel and the upper support levels of 61000-59000.
With stability and rising again above these levels, the price will head towards the levels of 69000-73000.
If it remains below the mentioned levels, the price will fall until it reaches 53,000 levels.
