Good morning Bitcoinland.
I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago.
Seven days ago it was at $616 and there was panic it was going below $600. A month ago it was at $555 and there was panic it was going below $500. Gaining $100 in a week is more bullish than a retrace back to $644. Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014.