BITCOIN PRICE RALLY TO $260

Bitcoin Price has been advancing persistently and hit $260 / 1620 CNY during today’s Asia-Pacific trading session. xbt.social analysis considers what lies ahead.
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Bitcoin Price Analysis Time of analysis: 04h59 UTC
Bitstamp 1-Hour Chart
From the analysis pages of xbt.social, earlier today: The advance is approaching target at $261 and 1621 CNY.
Price has pushed relentlessly through resistance and into compounding divergence to the upside. The advance is now approaching the 1-day 100MA’s 10% envelope at $261 and 1621 CNY and we should see a reaction at this level.

This post was published at Crypto Coins News on 30/06/2015.