Bitcoin May Seek Additional Gains

Bitcoin continues to achieve record gains, as we see the price touching the 35,800 during the previous session’s.

On the technical side, we tend to be positive, depending on the price stability above the 50-day moving average, in addition to intraday stability above 34500.

Therefore, we believe that the opportunity is still there to achieve gains, as long as we confirm the breach of 35,620 targeting 37,240. Trading below 34,500 will postpone the chances of an upside, and we may witness a profit-taking process targeting 32,170.

Note: All scenarios are valid.

S1: 31320	R1: 37240
S2: 27630	R2: 39480
S3: 25385	R3: 43170