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BTCUSD - Current Trend to Break? - 1/7/14

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin             price has had an upward trend for the past two weeks, but I expect to test the trend fairly soon. If it breaks this trend, I guess prices will drop $100 and a new downward trend may appear.
Thanks Conrad.

We'll see today or in the next few days how it all pans out, but as of 8am USEast BTC is back above the trend. Maybe the market wants it to keep going up. If it does turn back around and drop below the trend again today, I would be surprised if a new downward trend didn't appear. Then again, I'm surprised it bounced back above the trend so soon. Shows what I know!
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spot on
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