Bitcoin May Witness a Slight Bullish Tendency

The current movements of Bitcoin are witnessing a slight bullish bias after several consecutive sessions of strong decline, recording 28,935.

Technically, we tend to the intraday positivity, but with caution, relying on the positive motive of the 50-day moving average in addition to attempts Relative strength index for bullish momentum.

We target a re-test of 33,495 a first target and a breach of it enhances the chances of visiting 33,600. Trading below 33,230 will stop the attempts to rise, and Bitcoin will resume its decline towards 33,080.

Note: the level of risk is high.

S1: 33230	R1: 33495
S2: 33080	R2: 33600
S3: 32970	R3: 33750