Bitcoin Rallies, Establishes Value
Bitcoin roared on Friday, smashing through 45K, which was previously a hard upper bound. We peaked up as high as the low 
49K's, before retreating to support at 47.4K. It is maintaining a very narrow range at this point. If we do not have the strength to maintain these higher levels, we can expect to reestablish the 40K-45K range. It will take some momentum to break through the value area currently established, and we must break 50K solidly to establish a bull trend again. The Kovach OBV has picked up notably, but has begun to level off as Bitcoin establishes value
49K's, before retreating to support at 47.4K. It is maintaining a very narrow range at this point. If we do not have the strength to maintain these higher levels, we can expect to reestablish the 40K-45K range. It will take some momentum to break through the value area currently established, and we must break 50K solidly to establish a bull trend again. The Kovach OBV has picked up notably, but has begun to level off as Bitcoin establishes value
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