Topic: [2016-06-13]Bitcoin Price Watch; 700 Close, But Be Careful (Read 386 times)
the price now is more than $700 in several exchanges. so I think today chart will close on higher than 710 as they in the article think it is the nearest resistance point.
Over the last few months, we have repeatedly noted the big moves in the bitcoin price, during the weekend. Primarily, this is a result of volume out of Asia, but also it seems to be a time at which markets unwind in a particular direction, and this unwinding translates to sustained volatility. This weekend is no different, however, the magnitude of the move altered slightly. Specifically, price broke through the 600 level – a level that we had slated as psychologically significant early last week – and continues to gain strength to reach just shy of 700.
http://www.newsbtc.com/2016/06/13/bitcoin-price-watch-700-close-careful/
http://www.newsbtc.com/2016/06/13/bitcoin-price-watch-700-close-careful/
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