Current price: 79800
Key point: 79220
Our preferred strategy: Buy positions above 79220 with a first target of 82120 and then a second target of 84350.
Alternative scenario: Stop loss and trend reversal upon breaking the 82235 level, targeting the 76250 level.
Technical commentary
Bitcoin is holding above the support level of 97220. If it breaks through the resistance level of 81030, the price will head towards the next resistance level of 82130, and then, if it breaks through that level, it will head towards the second target at the 84350 level.
