After reaching a new all-time high of more than $61,200 per coin last weekend, Bitcoin is currently trading around $59,000. After a large bounce off a low of $45,260, Bitcoin cleared the lower level we indicated in our last Bitcoin analysis: $53,000 to $56,000, which we used to trim our position. We stated the next level to watch is $70,000/$80,000 and we continue to believe that Bitcoin will make a local top. After recent price action, my target is now $65,000/$75,000 before we potentially see a larger drawdown. We will continue to hold our position as long-term it will trade…
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