Bitcoin had a bit of a retracement which was a little concerning because of the three red triangles on the Kovach Reversals Indicator, which suggested it was having some issues with the $50K handle. However, it was able to break through and we appear to have solidly reclaimed $51K. The Kovach OBV has picked up substantially, suggesting some serious buying here. Our next targets are $52.8K then $55.7K. Watch for support below from $49.7K and $48.2K.
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Join my discord at discord.io/quantguy
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Disclaimer
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.