We look to be in a closing wedge on the 1 hour ticks that might indicate some further losses on the USD/BTC price (or buying opportunities).
Looking at the charts we have had resistance at $780 multiple times as well as what looks like a lot of sell volume during the Asian hours followed by low volume buying in the opening of Europe.
The blue trend line is providing continued resistance (first last night and again at the moment) so provided that holds for the new few ticks I expect to see prices back down at $680 early tomorrow morning.
If the price goes through $680 tomorrow morning, possible on the typically low volume weekend trading, then we may even see them fall further to $450 before finding more support again.
Looking at the charts we have had resistance at $780 multiple times as well as what looks like a lot of sell volume during the Asian hours followed by low volume buying in the opening of Europe.
The blue trend line is providing continued resistance (first last night and again at the moment) so provided that holds for the new few ticks I expect to see prices back down at $680 early tomorrow morning.
If the price goes through $680 tomorrow morning, possible on the typically low volume weekend trading, then we may even see them fall further to $450 before finding more support again.