Over the past three weeks the market rallied and almost all of the indicators I follow rallied with it but it is not enough for me, i want to see XBT/USD going above the previous top of $710 and so far the last top has been done at $680.  A 10% correction happened but the short term VWAP (computed using last 7 days) is providing support, in case of a break i see the $550-$580 price zone as a strong one which should prevent any attempts from sellers to move this market further down.

Bitcoin should move up further from here considering that the RSI oscillator is now oversold and because the price is still above the VWAP i think that an healthy correction just ended, XBT/USD should go up towards its first important test: to break through the $710 february’s price top.