Bitcoin May Face Temporary Negativity

The current movements of Bitcoin are witnessing a downward trend as a result of struggling with the psychological barrier of 40,000 within a bearish context targeting a re-test of 30,670.

Technically, The simple moving averages pressing the price from the top, with negative signs from stochastic indicator.

Consequently, we may witness a bearish bias in the coming hours, targeting a re-test of 33,180 and then 31,320 before resuming the rally again.

Note trading again above 35,415 increases the possibility of a return to the rise towards 35,910, and then 36,770.

Note: The risk level is high.

S1: 33175	R1: 35415
S2: 33310	R2: 36775
S3: 30940	R3: 37650