Bitcoin Holds $50K!!

Par quantguy
Bitcoin is holding strong in the 50K handle, currently testing the 52K's. We have breached 50.8K, the first technical level of the 50K handle, and have retraced a bit before reaching the next technical level at 52.8K. We are seeing a green triangle on the KRI, suggesting support here. The Kovach OBV is very bullish but is curving over slightly at the moment, suggesting we could be ready to see a technical retracement. If so, we will have good support from 48.2K. If not, we must break 52.8K to press higher.
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quantguy
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