Hello everyone, Bitcoin recovered with considerable momentum yesterday by surpassing the May 23 high of 38296 (hammer) and making a high of 39938.

Volatility has increased tremendously. The game is being played on the 200-day moving average, which is currently above the quote. next support is the May 23 low at 31067. The most important resistance is the one already tested several times in February and March (43950). At the moment I don't see a clear structure for setting up operations.

You could try a buy at 38000 with a first target of 40000 and a second at 42000. With a stop at 36500.

Let us always remember that Bitcoin, like other cryptocurrencies, are a very volatile asset; it has always had very important corrections but has always grown despite the retracements. Four years ago, its value was $ 1,500, which then rose to $ 20,000.
Always half the value it has today.

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading I look forward to your comments.