Bitcoin Make Its Way to The Upside

Bitcoin started its daily trading at noticeable heights, as the current moves witnessed stability around the highest level at 39,170.

Technically, we tend to be positive, relying on the return of the price stability above the 50-day moving average that meets around 38,630. Therefore, we target 39,315 as a first target, and its breach extends the gains of Bitcoin and open the door towards 39,540.

Trading below 38,630 negates the bullish scenario and will witness negative trading targeting 38,170.

Note: the level of risk is high and not commensurate with the expected return, and all scenarios are on the table.

S1: 35920	R1: 38420
S2: 34790	R2: 39810
S3: 33410	R3: 40925