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The bitcoin price chart has reclaimed position above the $680 (Bitstamp) price level. For now it looks like further correction is ruled out. A Fed rates announcement, later today, hangs over global markets.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
The bitcoin price chart dipped below $680 support for most of today before climbing above this critical level at the time of writing. The market does not want to pursue additional correction, but before we assume trend is up, it would be prudent to wait for the Fed rates announcement at 19h00 UTC.
At the previous Federal Open Market Committee