Downtrend broken, uptrend in place from lows and support at 681.
The trend is most everything, and BTC broke its downtrend from $1200+ and now is moving higher at around $700.. There is a great deal of upside as investors/speculators will see BTC as $500 of its high and want to jump in, further fueling the momentum.
As always use a tight stop if the trend changes, but right now looking smart to be long.