Current price: 76000
Key point: 73800
Our preferred strategy: Buy positions above 73,800 with a first target of 80,000 and then a second target of 85,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 72,500 level, targeting the 70,000 level.
Technical commentary
Bitcoin managed to break through the downtrend line from the peak of last October and maintain its stability above the 200 moving average on the four-hour timeframe. In today's trading, it managed to break through the important resistance level of 76,000, so the price is expected to rise to the levels of 80,000 and then the levels of 85,000.
