Current price: 59870
Key point: 58380
Our preferred direction: Buy positions above 58380 levels with 64000 as a first target and then 70000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 58380 level, targeting the 53000 levels.
Technical commentary
Bitcoin price reached the strong support levels 57000-58380, where it was often concentrated in the past period. If an upward price behavior is formed from these levels, Bitcoin will be expected to rise again to target the 64000 levels and then the 70000 levels.
