Bitcoin Achieves Record Figures

Bitcoin has achieved record gains in a series of continuous gains over the past weeks, breaching the psychological barrier of 50,000, recording the highest price at 50,414.

Technically, we tend to be positive, but cautiously depending on the positive signals of the 50-day moving average.

The bullish scenario requires confirming the breach of 50,000 targeting 50,410 then 50,570 respectively.

Breaking the support level at 49,210 delays the chances of an upside, and we may witness a bearish tendency aiming to re-test 47,920.

Note: Risks may be high today

S1: 47920	R1: 50570
S2: 46515	R2: 50820
S3: 45265	R3: 53220