quantguy

Bitcoin Resumes Rally

Largo
BITSTAMP:BTCUSD   Bitcoin
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.

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