Bitcoin has continued its rally and has solidified $50K. This is a welcome move for crypto bulls, as we have held the $40K handle for months now. We are beginning to see resistance around $50K, and there are two major levels here: $49.7K and $50.8K. A series of red triangles on the KRI suggest that we might be encountering some resistance here. The Kovach OBV is strong but is losing steam. We have major support from $48.2K. There is a strong value area around here as BTC held the range between $47.4K and $48.2K for several days.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.