Bitcoin had a bit of a retracement which was a little concerning because of the three red triangles on the Kovach Reversals Indicator, which suggested it was having some issues with the $50K handle. However, it was able to break through and we appear to have solidly reclaimed $51K. The Kovach OBV has picked up substantially, suggesting some serious buying here. Our next targets are $52.8K then $55.7K. Watch for support below from $49.7K and $48.2K.
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