An overview of bitcoin exchange rate - 25.07.2016
Bitcoin exchange rate today has painted a very interesting picture for all traders: we can see that price approached the very tip of the triangle, which originates from the first of June. Emerges almost reference figure, and the output up or down from it can be expected in the next two to four days.
The key levels to monitor for understanding in what direction to open a position, are $660 and $640. The passage of the $660 up has set the following growth objectives for the price: $702, $745, $770.
When passing below $640 the goal of reducing as follows: $610, $565.
Given the size of the triangle, the final aims of the movement at the exit are in the neighborhood of $770 or $565.
At the moment we recommend to wait and not to undertake active operations until the market will move in one direction or another.
After the growth rate at the end of may — beginning of June, we see a logical consolidation which demonstrates the strength of the trend, and it is quite logical respite. The main vector while aimed at improving, so that even a decline to $610 should not be considered as a fundamental reversal of the positive dynamics summer course bitcoin.
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