Projection for next 24 hours on Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It looks like the momentum from the bull run has died off. There is a lot of uncertainty in the air surrounding the Bitstamp episode as well.

I believe once 289 is breached then it is a confirmation that we are heading back down, not necessarily to the recent low, but just above it.

PS: First published chart. Welcome!