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Current price: 56750
Key point: 56400
Our preferred direction: Buy positions above 56400 levels with 60000 as a first target and then 65000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 56200 level, targeting the 54000 levels.
Technical commentary
Bitcoin has reached the pivotal support levels of 56,400, and if it rises from it and breaks the 58,500 levels, it will head to the 63,000 levels and then the 67,000 levels.
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