Bitcoin Achieves New Highs

Bitcoin prices jumped to achieve strong gains, surpassing all our targets, to reach the last target at 39,540, to reach its highest level at 47,325.

The daily trend is tilted to the upside, but with a closer look at the short time frames, we find the signs of overbought clearly on the stochastic indicator.

Consequently, we may witness a slight bearish bias in the coming hours, with the aim of retesting 46,440 before rising again. Confirming the breach of 47,330 is able to negate the scenario of retesting the support and lead Bitcoin to continue achieving its targets towards 48,020.

Note: Risk is High and All scenarios are on the table.

S1: 46440	R1: 47230
S2: 46090	R2: 47670
S3: 46540	R3: 48025