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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?
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Hour Candle Chart
From the analysis pages of xbt.social, 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 xbt.social buy signals, almost simultaneously, at the 15min, 1hr and 4hr timeframes. Upon rising from $630