Bitcoin Price Prediction for May 27, 2016

May 27, 2016 --- (ARCHIVED) Free Reports

Market Commentary (BTC):  

Now we're talking!  Finally after months of little to no significant price action, we got a move out of the 430 - 460 $ range and above the 475 $ ascending triangle overnight last night.  

After hitting a high of 482.31 $ in the early morning hours, price has since pulled back smartly in order to test some new support levels and clean-up the indicators.  For the time being we think the market needs to digest this move and reset the technicals, either by pulling back or moving sideways, however we do not think this consolidation will take all that long given the bulls now have renewed confidence on a huge volume breakout.

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