Bitcoin Tends to be Negative

Bitcoin traded negatively during the previous trading session, recording its lowest level during early trading for the current session 35,109.

We tend to be negative in our trades depending on the negative pressure of the 50-day moving average in addition to trading stability below 35,400.

With the confirmation of breaking 35,160, the path will be open directly towards 34,980, and then 34,870. Crossing over to the resistance level at 35,455 leads the price to an upside path targeting 35,570, and then 35,750.

Note: The risk level is high and all scenarios are on the table.

Note: The speech of US President-elect “Joe Biden” is due today and that may have a significant impact on the market movement.

S1: 35160	R1: 35455
S2: 34980	R2: 35570
S3: 34870	R3: 35750