FXHighway

(Update): BTC hits the waited target, whats next ?

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BITSTAMP:BTCUSD   Bitcoin
2
Bitcoin price managed to reach the main waited target at 339.40, which represents the 76.4% Fibonacci level for the entire bullish wave that appears on the chart, finding solid support there, accompanied with stochastic showing positive signals.

Now, a bullish rebound could appear to test 496.80 areas before detecting the next trend again.

Breaking below 339.40 would send the price lower towards 85.00 bottom area.

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