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?
Bitcoin Price Analysis
Time of analysis: 04h54 UTC
Bitstamp 15-Minute Chart
From the analysis pages of xbt.social, 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:
- the 1-day chart’s