Bitcoin Price Retrying $700

Bitcoin Price Retrying $700

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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.

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Hour Candle Chart


From the analysis pages of, 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 buy signals were starting to form. A trade recommendation was issued and within an hour the move above $680 resistance happened.


Read more ... source: TheBitcoinNews

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