Bitcoin Tends to be Negative

Negative trading continues to dominate Bitcoin’s movements after it found a strong resistance level of around 53,000. Technically, we tend to the negativity dependent on the negative pressure of the simple moving averages, in addition to losing the RSI bullish momentum.

We are targeting 52,120 next stations. From the top, crossing to the upside and confirming the breach of 53,030 is able to completely cancel the bearish scenario, and we are witnessing a bullish slope targeting 53,385.

Note: The risk level is high and all scenarios are presented.

S1: 52120	R1: 53385
S2: 51320	R2: 53840
S3: 50865	R3: 45645