In my analysis of BITSTAMP:BTCUSD from March 17th, I pondered whether Bitcoin's bullish trend should cause concern for its bulls. I concluded that there was nothing to worry about and highlighted the importance of the 62k zone, suggesting that buying within that zone would be advantageous. As anticipated, the price reversed precisely from that zone and even surpassed my initial short-term target of 70k.
As of today, the price remains above the 70k mark, and I anticipate further upward movement. My current target is in the range of 78-80k, with yesterday's low serving as support.