Bitcoin Starts Off on The Positive Side

Divergent trades dominated the movements of Bitcoin during the previous session, to return to trading in a bullish path, benefiting from stability above 37,200.

We tend to be positive intraday as the pair continues to receive a positive stimulus from the 50-day moving average. Confirming a breach of 37,730 increases the probability of touching 37,970 and 38,220.

Trading again below 37,230 negates the bullish scenario and Bitcoin is witnessing a bearish tendency, its initial target is around 36,970.

Note: The risks are high and all scenarios are on the table.

S1: 37230	R1: 37730
S2: 36970	R2: 37970
S3: 36730	R3: 38225