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Nice Pump for BTC!

We finally got a nice burst of momentum in Bitcoin, which was in the doldrums for a while. This pump is significant and was enough to turn the Kovach OBV sharply bullish. This indicator was flatlining at lows for some time. At this point we appear to have an inverse head and shoulders forming which is also a bullish sign. The next significant level would be 59.4K. Then we will be able to consider the 60K handle again with the first significant level at 61.6K after that. If we see resistance from current levels at 57.5K or so, then we could continue to range for a bit before considering these higher levels.

quantguy

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