Bitcoin Maintains Positive Stability

Bitcoin succeeded in achieving the positive outlook, as we expected, surpassing the target required to be achieved at 37810, recording its highest price of 38,346.

Today, trading remains above the support level of 37,210 accompanied by the positive motivation of the 50-day moving average. It increases the probability of continuing the rally to target 38,190 and the gains might extend later towards 38,760.

Trading below 37,210 will immediately stop any attempts to rise, and we witness strong negative moves targeting 36,790.

Note: The risk level is high and all scenarios are available.

S1: 37210	R1: 38195
S2: 36790	R2: 38760
S3: 36225	R3: 39180