MTGOX:BTCUSD Bitcoin / U.S. Dollar
is about to encounter the top of a . A is clearly visible on the daily. Time cycles and decreased point to a nearing breakout. Selling pressure from profit-taking off the 455 bottom, combined with renewed fears of those who missed the two previous chances to sell in the 900-1000 range, may result in a 3-day downtrend with targets of 550, 360, and 220 after testing support in the 670s.