Kirill Komalenkov, Director of Strategic Communications at Bitbanker, outlined key price targets for the further development of the bitcoin market. According to him, the nearest support zone for the asset remains the range of 64.8–65 thousand dollars. As long as the value of the cryptocurrency remains above this level, the probability of a new upward trend remains high. In case of a positive development, the market may retest the area of 66–66.8 thousand dollars. The expert emphasizes that confidently overcoming this resistance against the background of increased trading volumes will be a prerequisite for moving to the next target zone, which is located at around 68–70 thousand dollars.

At the same time, the analyst warns about possible risks in case of failure of buyers. If the asset fails to gain a foothold above the level of 66.8 thousand dollars, the most likely scenario will be a transition to lateral consolidation followed by a gradual decrease in value. In this case, the price may return to around 64 thousand dollars, and then fall into the range of 63–63.5 thousand dollars. Moreover, the appearance of signs of a reversal in the $ 68–70 thousand zone increases the likelihood of a deeper corrective phase, during which the asset may test the $ 45–50 thousand area, considered as a potential zone for the formation of a long-term market bottom.

Komalenkov summarized that the current situation in the digital asset market is showing signs of strengthening compared to the beginning of the month, as evidenced by the formation of a series of rising lows after a rebound from 57.8 thousand dollars and the stability of the long-term moving average. However, this growth is not enough to confirm the start of a new long-term upward cycle.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.