Bitcoin caught a lift from lows at $48.2K back to $52.8K. It is clear we are in a bear trend right now, but this is unlikely to last much longer. BTC has rejected to $40K's suggesting it is comfortable with the $50k's for now. The bounce back to $52.8K may just be a relief rally. We don't seem to have very much sustained momentum, but the Kovach OBV is picking up, which could suggest the beginning of another uptrend. If so, $54.3K and $55.7K are our next targets.
Join my discord at discord.io/quantguy
Related publications
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.
Join my discord at discord.io/quantguy
Related publications
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.