Bitcoin Touches The Desired Targets

Bitcoin succeeded in achieving the positive outlook, as we expected, touching the second target to be achieved yesterday, located at 37,240, recording its highest level at 37,692.

Technically, the general bullish trend is still intact, but we believe that there is a possibility of a bearish slope occurring in the coming hours, with the stochastic entering around the saturation areas in an intraday fashion.

We aim to re-test 37,010 and then 36,800 before rising again.

Note: surpassing the upside and rising above 37,690 stops the re-test scenario and leads Bitcoin to continue the bullish path with the first goal of 37,550, and then 37,890.

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

S1: 37010	R1: 37550
S2: 36800	R2: 37890
S3: 36400	R3: 38090