Bitcoin Price Weekend Rally!
Bitcoin price is surging higher during a weekend rally. $600 has been scaled and we watch the $680 support and resistance level for a potentially large price reaction. In yet another large single day move, bitcoin price surged from $580 to $650 (Bitstamp). The popular USD exchanges have mostly achieved the $650 level; the CNY exchanges 4400 CNY and the exuberant OKCoin September futures contract chart is ticking above $700. At the time of writing a correction from these levels is unfolding but there seems to be additional advance in store. The move higher was clearly signaled at 23h00 UTC....
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