Bitcoin broke out again, inching just past its previous relative high. We are currently testing $55.7K, but facing resistance here. Bitcoin seems due for a reasonable technical retacement. This could take us back to $52.8K, or perhaps $50.8K. The Kovach OBV is still very strong, however, and if momentum continues, we must break through several key levels including $56.8K, $57.7K, then finally $59.4K before reaching the $60K handle.
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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.