Bitcoin price analysis - USDT/BTC on Poloniex

Bitcoin reaches a major support area on record volumes, is the fall over?

As you are all reading this, you've probably heard about the Bitfinex hack already; the price of BTC was heavily impacted by this and its now reaching very key levels.
The precision with which it's bouncing from what has been a strong resistance for half of 2016 (470 USD level) is amazing to say the least and the record volumes are its proof.

BTC is surely in a make or brake scenario for the time being... what do you think?

(6 days ago I warned about this period of low volatility which would have ultimately generated such extreme spikes):

https://steemit.com/trading/@rd7783/bitcoin-price-analysis-usdt-btc-on-poloniex

@ozchartart @ozmaster @ausbitbank @dashpaymag @r0achtheunsavory

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources and the author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.