Bitcoin Tends to be Negative

Bitcoin was able to confirm the breach of the resistance level at 35,560. To remind us, we indicated during the previous analysis that a catalyst breach it strengthens the chances of a rally towards 35,850. To record its highest level at 36,624.

In our trading, we tend to be negative, depending on the stability of trading below 36,620, in addition to the clear negative signs on Stochastic.

We target 36,245, and breaking it will extend Bitcoin’s losses, opening the way towards 36,265. The price breaching the resistance level of 36,645 will stop the expected bearish scenario, and we will witness an upside trend targeting 36825.

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

S1: 36265	R1: 36645
S2: 36065	R2: 36825
S3: 35880	R3: 37025