BTC/USD Kraken 2h – 2480 Resistance before drop to 2120 Support

See us possibly hitting 2480 (previous resistance point) before dropping to 2320 (last solid support level) before dropping through that to 2120 (where we bounced from solid support on 15th of June).

This judgement is based on recent, previous support/resistance levels and a combination of just how closely the market is following the 2013 bubble so far.

Comment:

Fell just short of the 2480 resistance level at 2450 and dropped below my first support line at 2410 directly to 2380. We might bounce around between2380-2410 before dropping to next support at 2320.

I'd expect some more sideways movement between 2320-2380 before dropping quickly to 2120 and finding new support.