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Bitcoin price is surging higher during a weekend rally. $600 has been scaled and we watch the $680 support and resistance level for a potentially large price reaction.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Day Candle Chart
From the analysis pages of xbt.social, earlier today:
In yet another large single day move, bitcoin price surged from $580 to $650 (Bitstamp). The popular USD exchanges have mostly achieved the $650 level; the CNY exchanges 4400 CNY and the exuberant OKCoin September futures contract chart is ticking above $700. At the time of writing a correction from these levels is unfolding but there seems to be additional advance in store.