The long-term outlook of XBT/USD is still positive and a move to $750 appears likely. However bitcoin entered again in a congestion phase, a short-term correction might develop from here with a drop to the support zone at $517-$592 price range.
I remain confident that a short term bottom should develop above $580.
RSI oscillator is giving a sell signal but it is not accompanied by high volume so i’ve decided to ignore it for the moment. The net volume is positive on the 3 day chart (not included here) and not yet indicating a strong sell activity.
Strong support for the mid-long term is the 2 months VWAP at $517 @bitfinex and $508 @bitstamp.