Bitcoin Continues to Record Fresh Highs

Bitcoin achieved new record gains, reaching its highest levels of 33,565, to start its first daily trading on a rising price gap.

On the technical side, we tend to be positive, depending on the stability of trading above 32,810 accompanied by the positive motivation of the 50 days moving average.

Confirmation of the breach of 33,320 increases and accelerates and confirms the strength of the bullish trend to visit 33,575, an initial stop that may extend later towards 33,840.

The return of trading stability again below 32,810 delays the bullish chances, but does not cancel it, and we may witness a bearish bias targeting 32,540 before resuming the rally again.

Note: The level of risk is high.

S1: 32805	R1: 33320
S2: 32540	R2: 33575
S3: 32285	R3: 33840