Topic: [2016-06-12]BTC-USD Smashes $600 Psychological Level; $710 in Sight (Read 292 times)
Next psychological level is $650
June 12, 2016, 01:45:28 PM
BTC-USD Smashes $600 Psychological Level; $710 in Sight
BTC-USD finally managed to smash the $600 psychological level on Saturday and the price action on the BitStamp exchange has remained bullish, with Bitcoin up over 5% so far on today’s open at $643.94. A spike in volumes across exchanges late Saturday night saw BTC-USD rise from around $580 to a peak of $648.87 today. The key levels to watch out for now are the psychological $650 level and fractal resistance at $658.88. If these levels are broken then we should see the market attempt to break fractal resistances at $683.26 and at $710.00. The Bitstamp exchange has seen three consecutive days of rising volumes suggesting the price action will continue to rally...
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BTC-USD finally managed to smash the $600 psychological level on Saturday and the price action on the BitStamp exchange has remained bullish, with Bitcoin up over 5% so far on today’s open at $643.94. A spike in volumes across exchanges late Saturday night saw BTC-USD rise from around $580 to a peak of $648.87 today. The key levels to watch out for now are the psychological $650 level and fractal resistance at $658.88. If these levels are broken then we should see the market attempt to break fractal resistances at $683.26 and at $710.00. The Bitstamp exchange has seen three consecutive days of rising volumes suggesting the price action will continue to rally...
read more
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