It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the downtrend since 20th May 2014 and head towards $640 - $680.
Bulls need to march towards $600 level ASAP! Given the momentum right now, there's a high possibility that we may be able to move up.
However that's a worst case scenario with relatively low probability of happening.
Events that happened since December 12 was post-bubble, and huge corrections are expected. There are simply no negative news that'll pull it down to that level at the moment. Ecuador & Russia ban for real did not even hit the price by a percentage. Including China rumors (again) that we heard on June.