Current price: 88000
Key point: 86000
Our preferred strategy: Buy positions above 86,000 with a first target of 90,000 and then a second target of 100,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 85,000 level, targeting the 80,000 level.
Technical commentary
Bitcoin is moving in a downward direction below the 200-period moving average on the four-hour timeframe, reaching support levels of 86,000 and forming a harmonic SHARK pattern.
If the price breaks through the 89,000 level, it is expected to rise to the 95,000 level and then to the 100,000 level.
