BitcoinPembelian
Bitcoin Retraces, will the Rally Continue??
Bitcoin has hit our price target of 43.1K, but fell short of our expectations to contiune the rally. Although stocks are strong, their strength does not seem to be met by the newly established intermarket correlation with Bitcoin. Two red triangles on the KRI have confirmed resistance at 43.1K. There is strong support around 
41K and we anticipate it to hold, but if not there is no reason we should expect to see any lower prices than 40K. The Kovach OBV has slumped, suggesting momentum has let up a bit. We are still hopeful of a bull rally to our next target of 45K, but are skeptical with the lack of momentum.
41K and we anticipate it to hold, but if not there is no reason we should expect to see any lower prices than 40K. The Kovach OBV has slumped, suggesting momentum has let up a bit. We are still hopeful of a bull rally to our next target of 45K, but are skeptical with the lack of momentum.
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