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Another day and another wave of advance. Bitcoin price has broken through $680 and the market is currently with $700 which had caused deep correction a month ago. Technical analysis looks for up- and downside targets.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
At 12h00 UTC it became apparent that price was preparing to launch from its consolidation zone below $680 (Bitstamp) and push higher. The 1hr stochastics (top panel) were dropping to their minimum and the xbt.social buy signals were starting to form. A trade recommendation was issued and within an hour the move above $680 resistance happened.