The current price: 20,850
Key point: 18600
Our preferred direction: buying positions above 18600 levels, targeting 22800 as a first target, then 25100 as a second target
Alternative scenario: stop the loss and change the direction by breaking 18600, targeting 16000
Technical comment
Bitcoin rose from the support levels on the daily timeframe from 17600-18600, breaching the bearish trend line from the top of last August, by closing above the 200-day moving average, so that the price is expected to rise to reach 22800 levels, then 25100 levels
