Bitcoin broke out rather significantly yesterday, off news that Jerome Powell, the Federal reserve chair, mentioned that the Fed is looking into a ‘digital dollar’. This came as an extreme surprise to many, and yet another conformation that cryptos are here to stay. We have been skeptical of bitcoin since it crashed in 2018. Low liquidity and the pervasive volatility from whales did not make it a clement investment environment. But now, liquidity and volume are coming back, and we are getting increasing support from central banks, the most powerful authority in finance. So we are back to buy on dip mode. Breaking $11.5K was an extremely significant move. The Kovach OBV has registered this move with a huge spike.

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