Bitcoin Tends to be Negative

The current trading of Bitcoin is witnessing a bearish bias, after finding resistance near 58,785, where the current moves are witnessing stability below the aforementioned level.

We tend to be negative in the coming hours depending on the RSI losing the bullish momentum. Confirmation of breaking 58,550 puts Bitcoin under negative pressure, targeting directly 58,435 and may extend later towards 58,230.

From the top, confirmation of breaching 58,780 will immediately stop attempts to retreat, and we may witness positive moves whose initial target is 58,890.

Note: The level of risk is high

S1: 58550	R1: 58780
S2: 58435	R2: 58890
S3: 58230	R3: 59010