BitCoin - Technical Analysis: Monday, 13/07/2015 08:13 GMT

The descending channel’s resistance line was breach, which pushed BitCoin price to move within new bullish track appears on chart, supported by the exponential moving averages 50 and 100, waiting to test 340.00 level initially.

Stochastic is negative now and might push the price to test the ascending channel’s support before turning back to rise, and we should note that breaking 235.00 level will stop the current rise and put the price under the negative pressure again.