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Bitcoin Breaks $50K!!

Bitcoin has continued its rally and has solidified 50K. This is a welcome move for crypto bulls, as we have held the 40K handle for months now. We are beginning to see resistance around 50K, and there are two major levels here: 49.7K and 50.8K. A series of red triangles on the KRI suggest that we might be encountering some resistance here. The Kovach OBV is strong but is losing steam. We have major support from 48.2K. There is a strong value area around here as BTC held the range between 47.4K and 48.2K for several days.