Seeing is believing. The Fibonacci circle clearly shows that we are at a new pivot point in July 2014. We are entering a new phase. It's the second chart that shows this. Here is another one: tradingview.com/v/bw7KPtML
The next direction depends on if Bitcoin can stay above the 200 day moving average (new uptrend) or if we fall below this critical area (downtrend).
Adding another Fibonacci circle shows - again - that we are entering a new phase. This is getting spooky :)
Asterix
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What is the meaning of entering new Fib circle?
ChartArt
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The meaning of entering a new Fib circle could be that a trend cycle ends. And a new trend cycle begins. Soon we will know if the new trend cycle is a downtrend or a uptrend.
ItisCalvin
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This is a very crucial period that we are in right now. That fib circle is great since I can see that we may have some type of bounce here soon and start of a new trend.