Current price: 66150
Key point: 63870
Our preferred direction: Buy positions above 63870 levels with 71900 as a first target and then 73500 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 63870 level, targeting the 59000 levels.
Technical commentary
Bitcoin rallied from the pivotal support levels of 52900 and formed a harmonic alt bat pattern with a 113% Fibonacci retracement above the uptrend line.
The price was able to cross the 63870 level barrier, and it is expected to head directly to the 71800 level.
