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The bitcoin price chart bubbles along just below $700 (Bitstamp) and mood in Bitcoin Land is positive. At the time of writing price is retesting the $680 (Bitstamp) level.
Bitcoin Price Analysis
Time of analysis: 14h30 UTC
Bitfinex 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
The bitcoin price chart is receiving calls for a top at $700 and price is currently testing the critical $680 support and resistance level.
As pointed out in yesterday’s longer-term analysis, the $680 level represents the high range of an area of contention (during late 2013 and the first half of 2014) that reaches all the way back down to $600 and 4000CNY.