Bitcoin at Record High

Bitcoin continued to achieve new record highs, to surpass the 40,00 marks recording its highest level at 40,383. Technically, we tend to be positive, but with caution.

Intraday trading is witnessing a slight bearish tendency after it failed to stabilize for a long time above the 40,000 barrier. There are clear negative features on the stochastic that may push Bitcoin to retest 36,580 before resuming the bullish path.

Exceeding the high that was recorded yesterday negates the activation of the retesting and we may witness a further direct rise towards 42,270.

Note: the level of risk is high

S1: 36500	R1: 40330
S2: 34610	R2: 42270
S3: 32670	R3: 44150