Bitcoin Price Back At $680 Resistance

Bitcoin Price Back At $680 Resistance

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Bitcoin price continued advancing through today and has reached a resistance layer dating back to 2013 at $680. Will the market progress beyond this strong barrier?

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

Bitcoin price is currently grappling with the $680 support and resistance level in the popular BTC/USD charts of Bitstamp, Bitfinex, OKCoin and Coinbase. This may be the scene of either a correction or reversal, although the ascending wave structure implies at most a correction followed by upward continuation.

The charts gave buy signals, almost simultaneously, at the 15min, 1hr and 4hr timeframes. Upon rising from $630

Read more ... source: TheBitcoinNews

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