Bitcoin Trying Positively

Bitcoin’s movements witnessed a bullish bias during the previous trading session, and as we explained during the previous analysis that the return of stability in trading again above 56,550 leads Bitcoin prices to visit 58,070, to settle for its highest level, 57,812.

Technically, the simple moving averages carry the price from the top, in addition to the RSI holding above the 50 midline on short intervals.

From here, we may witness a bullish tendency, but on condition that we witness a clear and strong breach of resistance at 57,820, targeting 58,490 an initial target.

A reminder that breaking the support level 54,560 delays the chances of an upside and leads the price to re-test 53,880. Note:

The level of risk is high

S1: 54560	R1: 58490
S2: 52250	R2: 60115
S3: 50630	R3: 62420