FXHighway

BTC places another higher bottom

BITSTAMP:BTCUSD   Bitcoin / Dollar
91 0 3
Bitcoin             price managed to hit the waited target at 496.80, with an attempt to break it, but it turned back to show positive actions and trade above the key support lines again; 61.8%Fibo & the descending channel's support line

There are chances of attempting to turn back to rise again, but breaching above the bearish correctional trend line (at 576.00) is the key to push the price to exit this negative pressure ,,

Stochastic offers some positive signals now, which might push the price to show some intraday gains

Key levels to watch: 541.00 - 576.00 resistance , and 496.80 support
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