Current price: 28400
Key point: 25220
Our preferred direction: buy positions at the highest levels of 25220, targeting 31485 as the first target, then 32320 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 25220 level, targeting 24100 levels
Technical commentary
Bitcoin price is moving in an upward price channel from last month's bottom from the support levels 24100-25220
The price was also able to rise from the BAT harmonic pattern with an 88% Fibonacci retracement of the XA leg.
It is expected that if the 28520 levels are broken with an upward breach of the downtrend from last July’s peak, it is expected to continue rising to the 31486-32322 levels.
