Bitcoin cost continued advancing strongly and privileged $500 with minimal bid yesterday. Sunday trade has been mostly corrective, though there is no clever pointer that a allege is over.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Day Candle Chart
From a research pages of xbt.social, progressing today:
Bitcoin cost has modernized over $500 opposite all exchanges and we now design cost to make a approach toward $550 and conflict to this clever support and insurgency level.
The stream turn of price, only next $525 (blue plane line), had acted as support and insurgency during 2013 and 2014. We could, therefore, design a marketplace to fastener with this turn before advancing to $550 (orange).
Like many cost charts, a bitcoin cost draft tends to retrace trending moves by 50%. The turn from that such a