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Bitcoin Tests Higher Levels!!!

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Bitcoin has seen solid support from 37.7K. We anticipated weakness and a potential breakdown but it looks like momentum from the London Hard Fork news in ethereum has bled into Bitcoin. Typically Bitcoin leads Eth, but it seems the tables have turned this time. We have seen a dramatic rise in the Kovach OBV, which has tapered very recently as BTC appears to be establishing value between 40K and 40.8K. This is a very narrow range between two technical levels. Bitcoin will not hold this forever and we can expect a move either way. To keep the bull momentum going, we must first break 41.9K. This seems to be the barrier to higher levels in the 40K's. If we can't break through then 37.7K should provide support for now

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New relative highs for Bitcoin!!

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Bitcoin Establishes Value

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