We saw several attempts tu push us below 607 level, what would end with testing 603 or even 593 support. Yesterday we bounced - I'am not sure if Dell news are important, but we started after them - and leaved downtrend started 1.07. Now we are struggling upward, 625 resistance becomes an support, we will see if it is a weak one or good enough to help us climb higher. Expecting sideways for a weekend what just started.
Maintaining a price of around $625 is now very very important, otherwise we are back in the old downtrend risk. China gave the BTC price a small push after the initial push from the DELL news a few hours earlier.
johnrfraser
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I can definitely see the 625 support in action on bitfinex.
I also agree with your choice of words, 'struggling' upwards :-)
Looking for close above 638 and then 659 level beyond that...666 leaves us with a big double top after that, would you agree?
pumped_bull_rtrabski
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Yes, I see next resistance levels in the same areas: 638 and 658-665 as hard obstacle. But if we break through this, we can not just top 660ish, it can get momentum for 700+, but if we push up witch such weakness as we do now, 660 is going to be a top for sure. We need stronger movements up to believe it can go 700ish. For now - do not think so.
Maintaining a price of around $625 is now very very important, otherwise we are back in the old downtrend risk. China gave the BTC price a small push after the initial push from the DELL news a few hours earlier.