Current BTC Price as of this writing: $675.77 USD (Coinbase.com)
I just ran a 10-day Bitcoin price chart and am happy to see a nice bullish pattern emerge with the STRONG POSSIBILITY of a PRICE INCREASE over the next 24-36 hours.
As long as the support level holds, it appears as though upper resistance will be tested again, meaning the price could pop up to the $685-$690 range.
The relative strength is right where it needs to be for such a move to occur, and the slow stochastic just had a bullish crossover (I've pointed out the previous three crossovers in blue and tagged a vertical line through the approximate price at each crossover. From the chart below, you can see exactly what happen after these crossovers occur (the price moves up).
Nothing in trading or investing is guaranteed, so I urge you to do your own research before risking anything, but by the same token, let's hope this latest crossover will repeat the upward trend.
Chart courtesy of http://bitcoincharts.com.
Additions are my own and released under the same license as the chart. Info below.
10-Day Bitcoin Price Chart, 2 Hour Intervals
This chart (with my additions) is licensed under a
Creative Commons Attribution-ShareAlike 3.0 Unported License
Creative Commons Attribution-ShareAlike 3.0 Unported License
Please link back to me and BitcoinCharts.com if you use it. Thanks!
References:
- Bitcoincharts.com - Source of price chart, pre-modifications
- Coinbase.com - Current Bitcoin price
