Bitcoin Tests $50K Again!!
Bitcoin has just about fully traversed the range back to highs, from lows at support at 46K. It has stalled out just below 50K, teasing us again by playing this range. Until we get a breakout from 50K, we are unconvinced that bull momentum has fully returned to the market. Watch for support at 49.7K and 48.2K. Also recall that there is a cluster of levels to provide further support in the 45K-
46K range. The Kovach OBV has leveled off, suggesting momentum has petered out for now, and we are unlikely to break 50K any time soon.
46K range. The Kovach OBV has leveled off, suggesting momentum has petered out for now, and we are unlikely to break 50K any time soon.
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