Bitcoin Smashes Resistance, Solidifies $50K Handle!!
Bitcoin has rallied yet again, further solidifying the 50K handle. We blasted through resistance from 
54K, and finally paused for air, at 55.7K, one of our technical levels. We are getting support from 54.3K as confirmed by a green triangle on the KRI. Bitcoin is quite strong right now, and the Kovach OBV confirms this. We are due for a technical retracement, so watch for levels in the lower 50K handle to provide support. The next levels below are 52.8K, then 50.8K. We will have to break through 55.7K and 56.8K to continue the rally.
54K, and finally paused for air, at 55.7K, one of our technical levels. We are getting support from 54.3K as confirmed by a green triangle on the KRI. Bitcoin is quite strong right now, and the Kovach OBV confirms this. We are due for a technical retracement, so watch for levels in the lower 50K handle to provide support. The next levels below are 52.8K, then 50.8K. We will have to break through 55.7K and 56.8K to continue the rally.
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