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Bitcoin Relief Rally

By quantguy
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.
altcoinsBitcoin (Cryptocurrency)blockchainBTCChart PatternscryptoghostsquawkhodlTechnical IndicatorskovachTrend Analysis
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