$50K Bitcoin??

Bitcoin caught a bid off lower levels at 43.8K. It has broken through the curve bounding the 'rounding off' behavior. This plus the clear rejection of lower the lower bound of the price range is a bullish sign for Bitcoin. We won't be out of the woods yet until we can solidly break 48.2K. This is the upper bound that Bitcoin has respected since its recovery from the 30K's. We have one more level around 49K before we will make the ultimate test of 50K. The Kovach OBV was strong with the rally but has flat lined suggesting it has petered out for now.