quantguy

Can Bitcoin Resume the Rally??

BITSTAMP:BTCUSD   Bitcoin
Bitcoin appears to be stuttering a bit, gradually trending downwards from highs at $48.2K. We found good support at $43.8K as anticipated in these reports. After making a run for higher levels, we seem to be equilibrating around $45K-$46K. The Kovach OBV is flat suggesting we will need more real momentum to come through before anything serious happens. We expect $43.8K to hold for now, but are on record of being skeptical of the rally as a whole.

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