Bitcoin: Retest Support Scenario

Bitcoin prices jumped to the upside to record new highs around 63,760. On the technical side today, and with a closer look at the chart, we find the stochastic indicator is trading around overbought areas, in addition to the intraday stability below 33,760.

We tend to the intraday negativity, targeting a re-test of 62,430 before attempting to rise again.

Note: the re-test scenario does not contradict the upside, whose bullish targets start around 64,940 and then 66,600 once the breach of 64,270 is confirmed.

Note: Risk level is high and all scenarios are available.

S1: 62430	R1: 64270
S2: 61250	R2: 64940
S3: 60590	R3: 66610