Possible scenario: Pullback to a price below $500 (and above $440). The risk taking traders load up and buy back cheap there - based on that we finally have a start of a new uptrend.
P.S. My original "safe" short target if the price sinks below $493 was $455 (instead of $450), but after some adjustment at the stop loss price the chart shows $457. Another short target idea is $477.
You can tell how well that person who made that NY Post article knows Bitcoin.
"Not surprisingly, MIT wouldn’t comment on whether it would accept bitcoins payment for anything.
We’ll soon see just how much MIT wants to cooperate with the bitloons."
He clearly doesn't even known about Bitpay.