[2016-06-18]Bitcoin Price And The Weekend Move

[WishICanTurnBackTime]

The bitcoin price holds sideways in pattern suggesting advance. Another rewarding week in the market and it does not look like the advance is giving up. Technical analysis finds price targets and risk levels.
Bitcoin price is evidently preparing to move. Weekend trade could see strong directional price action, and two likely levels are explored in the chart analysis above. Advance should make its first stop at $820 (in USD exchanges) and – if a bout of weekend profit taking grips the market – decline should hit a floor at $680. Trade smart: place your bet on the actual move and not on your anticipation of a move.

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[Ultrabat]

There is no big price movement during the weekend. That is a good sign for the price. It needs some rest before the next advancement.

[snipie]

Weekend trade could see strong directional price action, and two likely levels are explored in the chart analysis above. Advance should make its first stop at $820 (in USD exchanges) and – if a bout of weekend profit taking grips the market – decline should hit a floor at $680.

Don't see a reason why the price would fall under $700 especially after the eth hack and the upcoming halving, there is a huge pressure to rise +$800 or even +$1000 imo

[Lethn]

It looks like to me it's stabalising, which will only be a good thing.