Bitcoin Gets a Lift!!

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.