quantguy

Bitcoin to New Highs??

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is nearing all time highs again. It seems that the dollar weakness has helped it a bit as well. We are just shy of ATH's at around $57.7K. The Kovach OBV, however, indicates we may be running out of steam so anticipate a pullback. A pullback could take us to $54.3K, $52.8K, or even $50.8K. This should be only a minor setback however, as Bitcoin should be set to make new highs by next week, perhaps even this weekend, depending on the momentum coming through.

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