The current price: 29,300
Key point: 29200
Our preferred direction: buying positions above 29200 levels, targeting 30600 as a first target, then 32300 as a second target
Alternative scenario: stop loss and change direction by breaking 29200, targeting 26000
Technical comment
Bitcoin is moving in an upward direction from the bottom of last November, breaching the reversal wedge pattern and above the pivotal support levels 29300, so that the rise is expected to continue to 30600 levels, then 32300 levels
