BTC breached key resistance level that turned into support now at 599.00, reinforcing the chances of heading for more positive targets, waiting to breach 683.60 to open the way towards 751.00.
Risk limits below 587.00.
Comments
LastBattle
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The problem is that its being tested way too much. Over the next few days we have CEX.IO 51% issue and the FBI sale of 28k Bitcoins (the other 180k is still being challenged in court).
Those 2 events may simply break this weak support.
ChartArt
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The CEX.IO 51% issue with GHash is almost resolved - the pool hasing power is much smaller since enough miners have left the pool, also solutions against the 51% attack problem are discussed by experts. The second following tweet came from the Chief Scientist, Bitcoin Foundation, you can't get higher level approval than that.
Those 2 events may simply break this weak support.