Bitcoin Looking For Momentum

Mixed trades dominated Bitcoin’s prices during the previous trading session, to witness the current movements of Bitcoin, a bullish slope after it found a support level around 54,520.

Technically, we tend to be positive, but cautiously depending on trading stability above the aforementioned support, in addition to attempts to stabilize above the 50-day moving average that meets around 56,880.

Therefore, we target 57,480 the first target, and then 58,260. Trading again below 55,210 will immediately stop the attempts to rise, and Bitcoin prices will witness a drop, targeting 53,730.

Note: The level of risk is high

S1: 55210	R1: 57480
S2: 53730	R2: 58265
S3: 52940	R3: 59750