The price has broken above the 61.8% resistance line on my 200 day FBB, and the 14 day RSI is about to cross over 70. Although it is not certain we will see a full 3 standard deviation move from the 200 day moving average, it does appear that a break of the 61.8% resistance line combined with a cross above 70 on the 14 day RSI signals a strong movement to come.
It appears that the momentum we saw has weakened, and RSI is retreating from 70. Perhaps there isn't enough gas in this trend to push Bitcoin to the $800 level just quite yet. Anybody have thoughts on where we are headed from here?