Bitcoin Price Pushing Higher On Expected "No" Vote

The Bitcoin price started advancing on 28 June after Greek Prime Minister Alexis Tsipras announced a referendum following a deadlock in Greece’s negotiations with creditors. The Day of Greckoning has arrived and, once again, trade is pushing higher. Will a Greek “No” vote spark a rally?

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Bitcoin Price Analysis

Time of analysis: 14h52 UTC

Bitstamp 1-Hour Chart

Bitstamp 1-Hour Chart

From the analysis pages of, earlier today:

Price is pushing up against a long-term dynamic envelope, from the 1-day chart, and drawn in Greek Chrysanthemum pink in the chart above. An earlier attempt to advance above the level ($262 / 1624 CNY) was rejected but trade is approaching it again, at the time of writing.

The sense is that the market is anticipating a “No” vote from Greece and wants to rally

Read more ... source: CryptoCoinsNews