Bitcoin Re-test Support

Bitcoin managed to enter retest we mentioned in the previous analysis, we also indicated that surpassing the resistance level at 35,415 increases the probability of a return to the rise towards 35,910, to post 36,085 for the current session.

We tend to be positive in our trades with the continuation of the positive motive of the simple moving averages targeting 36,275 first targets, bearing in mind that its penetration is a catalyst that enhances the chances of a rally towards 36,590.

Trading again below the support floor at 35,330 negates the daily bullish trend, and we may witness a corrective descend targeting 34,700.

Warning: The risk level is high and all scenarios are presented.

S1: 35330	R1: 36275
S2: 34700	R2: 36590
S3: 34385	R3: 37220