Weekend Trade had pulled the Bitcoin Price to a low of $341 on the Bitstamp chart. Since Saturday price has been leaving a trail of higher highs and Monday trade during the US Session looks set push overhead chart resistance out the way as both bulls and bears need some air.
Bitcoin Price Up For Now
US Session
Over the weekend price tested the $341 level (Bitstamp) three times before moving higher in defined wave action. $341 coincides with the 1.618 Fib extension of wave a, as well as the 2.618 Fib extension of wave c, as annotated with a red arrow drawn from the Fib extension tool and pointing to Saturday’s low.
Bitstamp Hourly Chart

This post was published at Crypto Coins News on October 27, 2014.

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