Current price: 59000
Key point: 57000
Our preferred direction: Buy positions above 57,000 levels with 63,000 as a first target and then 70,000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 57,000 level, targeting the 53,000 levels.
Technical commentary
Bitcoin price rose from the bottom of this month from the pivotal support levels 49100 to stabilize above the next support levels 57000-58300, and it is expected to continue this rise to reach the next resistance levels at 63000 and then 70000 levels.
