Bitcoin May Witness a Temporary Bullish Tendency

The current movement of Bitcoin is witnessing a slight bullish tendency after it found a good support floor around 48,820, which is stable around its highest level during the current trading session at 50,080.

On the technical side, today we tend to be positive but with caution, relying on stochastic attempts to obtain additional momentum.

We aim to re-test 51,290 before the possibility of falling again.

Note: the return of trading stability below 48,600 puts the price of Bitcoin under strong negative pressure targeting 48,340 and losses may extend later towards 47,870.

Note: the level of risk is high and all scenarios are on the table.

S1: 49130	R1: 50395
S2: 48345	R2: 50870
S3: 47870	R3: 51660