According to ChainCatcher, crypto analyst Ali Charts said in a post that he is watching Bitcoin’s $64,000 support level. In his view, if BTC is able to hold that level, $69,000 will become the next upside target.
In technical analysis, a support level is commonly used to describe a price area that traders monitor when an asset pulls back, while an upside target refers to a higher reference level after price stability or continuation. The two figures highlighted by Ali Charts are $64,000 and $69,000: the former is the support area he is monitoring, and the latter is the next target he cited if BTC holds above that support.
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