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Current price: 63360
Key point: 62500
Our preferred strategy: Buy positions above 62,500 with a first target of 64,000 and then a second target of 65,800.
Alternative scenario: Stop loss and trend reversal upon breaking the 62000 level, targeting the 61300 level.
Technical commentary
Bitcoin reached the pivotal support level of 62,500 and rose from there, and it is expected to continue rising to reach the levels of 64,000 and then the levels of 65,800.
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