Bitcoin Resumes Rally
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
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.
