Current price: 57340
Key point: 53300
Our preferred direction: Buy positions above 53300 levels with 60000 as a first target and then 66000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 53300 level, targeting the 48000 levels.
Technical commentary
Bitcoin managed to rise after the strong decline last Monday after reaching the 49100 levels, Bitcoin rose above the 53300 levels and is currently stable at the 57000-58300 levels.
If these levels are breached and stabilized above them, Bitcoin will head back to the 60,000 levels and then the 66,000 levels.
