Bitcoin price exceeded $ 600, trends suggest continuing growth.

On bitcoin last week was stable, but now the price was set in motion.

September 3 PTS price started to move from 570 $ to 590 $.
Consumer demand does not weaken and lead to overcoming the mark of 620-630 $, after which the price increases may slow down. Fibonacci levels show a rise to $ 675 during the week.

Review of the week

Last week showed a large amount of purchases and an increase in trading activity on all major stock exchanges. It opens a huge space for the development of internal policies, implying greater volatility of prices than last week.
Trends in the last week were aimed at increasing, but the market for a long time fluctuated at around $ 570, and overcame it slowly. At the moment, the price of $ 603.
On the other cryptocurrency sales last week were small, but bitcoin remained within 80%, and sales volumes were stable mlln $ 130 per day.

news background

News last week, were not essential to stimulate similar prices, but bitcoin continues to grow.
The only positive event was Bitfinex funds return. This news could be the impetus for investors, creating a positive atmosphere in the markets.
Other news - the announcement of the implementation of micro-Brave bitcoin in your browser. Version 0.11.6 Brave allows users to reward sites they like to visit, and at the same time frees them from tracking and advertising software. Finally, presented the beta version of Brave Payments sparked elation among the bitcoin community, and possibly added optimism on trading markets.

Verdict

Indicators suggest maintaining the upward thread. Price range $ 625-650 looks achievable in the short term. The long-term forecasts of the price could rise to $ 680-700, if the tests are correct trading and given the growth will continue.
Anticipation described heights can continue to raise the rate of purchase and encourage more trading this week. If you go on the decline, and will make their final adjustments, it can be expected that the price will stop firmly around $ 580.

Fall scenario : if prices begin to fall, they are likely to make a pause in the neighborhood of $ 580. Reduced to $ 560 is possible but seems unlikely.

Author : @numberone