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Bitcoin prices continue to achieve gains, recording their highest level during the previous trading session 58,550. On the technical side today, with the moving averages continuing to provide a positive incentive, in addition to the stability of intraday trading above the support level 55,630 and in general above 55,220.
A bullish bias is likely today, provided that the breach of 58,550 is confirmed, and this is a catalyst that increases the possibility of reaching 58,970 a first target, and gains may extend to a visit of 60,400 later.
Only from below, the return of trading stability below 55.220 will stop the bullish scenario completely, and Bitcoin will witness a clear decline, aiming to re-test 53,760.
Note: the level of risk is high.
| S1: 55635 | R1: 58970 |
| S2: 53760 | R2: 60420 |
| S3: 52300 | R3: 62300 |
