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Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro- Major Crypto levels and bias summary 
BTC/USD has broken above the June 18 high of 778.85 levels (December 02) and is trading at 779 levels at the time of writing (Bitstamp).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 758.56
Kijun Sen: 743.25
Trend reversal: 691.77 (90 EMA)
A consistent break above 778.85 levels (June 18 high) would see the pair testing 799.74 levels (161.8% retracement of778.07 and 743)/ 819 (113% retracement of 778.85 and 465.28)/865.
On the downside, the pair has taken support near 765 (7-EMA) and a break below would drag it to 743 (December 05 low)/714 (November 20 low).
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BTC/USD hits 6-month high of 779, eyes 800
Monday, December 12, 2016 11:58 AM UTC
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