FXHighway
Short

Bitcoin breaks the sideways range

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
52 0 1
Bitcoin             price broke 609.00 support base to reactivate the main bearish correction bias on the short term basis, targeting 550.00 followed by 496.80 areas mainly, supported by stochastic and the EMA50 negative signals.

The bearish trend will remain in favor unless breaching above 609.00 then 627.00 resistance areas, which will lead to attempt to regain the main bullish trend again.
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