2016/09/12 5:00 AM
The bitcoin price’s new upward path is set to consolidate to even higher price levels beyond $600, according to technical indicators.
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Prices are quoting in a new scenario pointing to higher levels. Bullish consensus allows a sustained movement that can probably ignore every intermediate resistance from the current quotes up to $820, where the technical objective is calculated.
There is not any pattern or well-known formation to mention, but only the forecasting of mixing theories and a lot of lateral thinking. Based on old references in the present chart, the the next stage may drive the action to a lateral market around $1000.
Mathematical indicators and prices are approaching differences in an upward path to $820. Furthermore, every oscillator currently reflects buy signals. Mixing together every technical factor,…