Current price: 63700
Key point: 62500
Our preferred strategy: Buy positions above 62,500 with a first target of 66,000 and then a second target of 70,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 61000 level, targeting the 56000 level.
Technical commentary
Bitcoin managed to rise from the low of last February at the levels of 60,000, and from an upward trend line, so if it breaks through the resistance levels of 64,200, Bitcoin will then head towards the levels of 66,000 and then the levels of 70,000.
