quantguy

Bitcoin to $50K??

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has held its ground around relative highs, maintaining a narrow band between $48.2K and $46.2K. The Kovach OBV is looking pretty strong, but has started to curve over, indicating that we will need another burst of momentum before considering higher levels. We do appear to be ready for a technical retracement, that could take us back to support at $45K. But if we catch another burst of momentum, we the next target is $49.7K, the final target before $50K. If stocks rally again, we could easily hit this target today.

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