Current price: 1.3265
Key point: 82300
Our preferred strategy: Buy positions above 82300 with a first target of 85500 and then a second target of 87300.
Alternative scenario: Stop loss and trend reversal upon breaking the 80125 level, targeting the 76000 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 levels of 85500 and then the levels of 87300.
