Bitcoin appears to be back to bull mode. We broke through significant highs first at $45K then at our next target of $47.4K. The Kovach OBV is very strong, indicative of a proper crytpo rally. It is not a coincidence that stocks are rallying as well, with crypto obeying the correlation. Currently, we are testing the 
48K's, finding resistance at our level at $48.2K. If we are able to break through this the next level is at $49.7K. We should be anticipating a technical correction soon, with support at $45K.
48K's, finding resistance at our level at $48.2K. If we are able to break through this the next level is at $49.7K. We should be anticipating a technical correction soon, with support at $45K.
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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.