quantguy

Bitcoin ETF Coming!! New Highs Soon??

BITSTAMP:BTCUSD   Bitcoin
Bitcoin continues to press higher, fueled by news of a Bitcoin ETF finally launching in the US. We have held strong under $62.4K, which we have added as a new technical level after $61.6K. We are but one technical level ($64.3K) away from all time highs at $64.8K. There does not seem to be much in the way between current prices and all time highs, but watch for a retracement after the ETF is released, or potentially before. The Kovach OBV has cooled off quite a bit, so we can anticipate some ranging before the next push higher.

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