Bitcoin Retesting Support

Negative trading dominated the Bitcoin moves within the expected negative outlook during the previous analysis, heading to touch the official target of re-testing at 45,780, recording the lowest price at 44,460.

We tend to be negative in the coming hours depending on the negative pressure of the 50-day moving average, in addition to trading stability below the resistance level 44,910.

We target 44,510, then 44,260. Trading above 44,910 will stop the bearish scenario and lead Bitcoin to an upward intraday path, its initial target is 44,960, and then 45,150. Note: The risk level is high and all scenarios are available.

S1: 44510	R1: 44960
S2: 44260	R2: 45155
S3: 44065	R3: 45405