quantguy

Bitcoin Hits $50K!!

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has broken out finally to $50K! It had been holding the range between $48K to $49K for some time, and was starting to round off. But momentum came through and this was a much needed lift. We finally have mustered the momentum to achieve $50K, which is a significant milestone. We will see if we have the momentum to sustain these higher levels or if it will reject $50K in favor of the $40K's. The Kovach OBV is very strong suggesting that the trend is bullish.

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