Daily Chart @bitfinex exchange

XBT / USD weekly range $ 625-$ 710 | ALMA daily moving average is slightly bearish and the main support is always the VWAP at about $ 625. XBTUSD resists above the VWAP and several times the price has attempted to move below it without particular success, this support level (@625$) has been broken in some cases slightly and then quickly recovered. The resistance zone is $710-$800, I think that XBTUSD will remain above the $625 this week, otherwise I see the area $540- $ 580 as a very important one. $580 is the mid-level between VWAP and -1 dev.line at $540.

The oscillator RSI after having touched the oversold area has rebounded and now is in the neutral zone around 50. The halving of block from 25 to 12.5 bitcoins for now has not led to an increase in volatility.

Italian verso here at Bitchanger



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