Bitcoin Achieves Historic Peaks

Bitcoin continues to achieve record levels, hitting 52,518 in a series of successive gains, as risk appetite in the markets improves.

On the technical side today, we tend to be negative in our trades, but cautiously given the high level of risks, relying on intraday trading below 52,500 accompanied by the stochastic entering within oversold areas.

Consequently, we may witness negative movements, provided that 49,220 is confirmed to retest 47,950. The surpassing move upwards and confirming the breach of 52,502 is a catalyst that opens the way for Bitcoin to achieve new historical highs around 53,290.

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

S1: 49990	R1: 53295
S2: 47950	R2: 54550
S3: 46690	R3: 56600