Bitcoin has already hit our next profit target at $41.9K. This is a Fibonacci extension level, and BTC just keeps sniping them one by one. The next target is $44.9K. We saw some volatility which is anticipated after so many days of aggressive growth. There has not been a single significant retracement for weeks. If you do fomo into a trade, consider that it could dip down to $34.7K easily, so you may end up holding the trade underwater for a bit, but there is nothing to suggest the bull run is over or anywhere near over.
Bitcoin is not the only crypto mooning. Ethereum is smashing through levels as well, gradually sniping our profit targets one by one. The next level is $1325. we will have support at $1216, close to current levels. But we could retrace as low as $1038, so be careful. The Kovach OBV is been extremely strong but has accounted for the volatility here. The Kovach Chande suggests that another wave of buying has started and perhaps by tomorrow's report we will have hit $1325.
Litecoin is very close to making new highs. We set the profit target of $173, and it smashed this, though it did retrace slightly to find support at $153. The next target is $194. This is a bit more generous than our targets for BTC and ETH. Litecoin is one of crypto's best kept secrets, though it does look like others are finally catching on.
