Can Bitcoin Price Break Above Resistance?

Bitcoin price surged higher, Saturday, on the surprise announcement of a Greek referendum that will decide the fate of the stand-off between Greece and her big bank creditors. Sunday saw a pullback but by early Monday morning advance was, once again, underway. Can the Bitcoin price push higher? What stands in its way?

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Bitcoin Price Analysis

Time of analysis: 04h54 UTC

Bitstamp 15-Minute Chart

Bitstamp 15-Minute Chart

From the analysis pages of, earlier today:

Price is pushing back toward Saturday’s high.

RSI divergence from price is annotated in magenta. Price had made a corrective low at the 200MA (red) while RSI failed to show a corresponding low, and price reacts by pushing higher.

The move up must challenge the previous high at $252 (Bitstamp) and then challenge the following levels of resistance: