Current price: 83000
Key point: 82300
Our preferred strategy: Buy positions above 82300 with a first target of 85130 and then a second target of 87300.
Alternative scenario: Stop loss and trend reversal upon breaking the 81650 level, targeting the 79000 level.
Technical commentary
Bitcoin is holding above the pivotal support level of 82300 and above the 200 moving average on the four-hour timeframe, so the price is expected to continue rising to the 85130 level, and then if it breaks through it, it will head towards the 87300 level.
