Bitcoin Waiting For Pending Orders

The positive moves returned to control Bitcoin prices, nullifying the positive outlook, as we expected, and to remind us, we indicated during the previous analysis that the return of stability in trading again above 54,240 leads Bitcoin prices to rise again, with a target of 54,720, and then 55,690 to reach its highest level, 57,170.

On the technical side today, we find a conflict between the positive motive of the 50-day moving average and the clear negative features on Stochastic. Thus, we will stand on the fence until the daily trend becomes clearer in a more accurate manner, so that we will be in front of one of the following scenarios:

To get a bullish trend, we need to witness a clear and strong breach of resistance 57,180, targeting 58,165, and then 59,100.

Activating short positions needs to witness a clear breakout of the support level of 54,650, which puts the price under negative pressure, its initial target of 53,660, and then 52,400.

Note: The level of risk is high

S1: 54650	R1: 58165
S2: 52400	R2: 59420
S3: 51140	R3: 61660