Bitcoin Short Term: bullish bias above 61379.
Bitcoin (BTC/USD)-872.26-1.38%
long positions above 61379 with targets at 69365 & 71156 in extension.

Pivot: 61379
Our preference: long positions above 61379 with targets at 69365 & 71156 in extension.
Alternative scenario: below 61379 look for further downside with 58467 & 56734 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
72946 *
71156 **
69365 **
62550 Last
61379 **
58467 **
56734 *
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