Bitcoin Makes New Relative Highs!!
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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