Bitcoin is holding strong in the $50K handle, currently testing the $52K's. We have breached $50.8K, the first technical level of the $50K handle, and have retraced a bit before reaching the next technical level at $52.8K. We are seeing a green triangle on the KRI, suggesting support here. The Kovach OBV is very bullish but is curving over slightly at the moment, suggesting we could be ready to see a technical retracement. If so, we will have good support from $48.2K. If not, we must break $52.8K to press higher.
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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.