option A (green) : we had this week a triple bottom on the trendline (middle pink line) and we are ready to break up the bullish pennant*
option B (orange) : maybe more likely, fall to 2xx during the next weeks, then hit on the historic trendline (biggest pink line)... And finally, break up the pennant*
*I know... 2 (long term) bullish options but this year...
We just lost 20$ and we are under the Ichimoku cloud, that doesn't sound good. But there is still a bullish possibility if the price maintain above the red line. If not, we could fall to 500's or even to the 400 support (triple bottom). We'll be definitively more secure when the price will break above the Ichimoku cloud.
Did you notice the price is evolving since 2010 in a HUGE triangle ? If the triangle holds during 2014, the breakout (expected late 2014, early 2015) could indicate the long-term future of the bitcoin. Would it the birth of a world currency or the end of an experiment ?
Take this scenario as entertainment
All support/resistance lines seem to converge to this point
The price will not pass necessarily through this point, but the 3 lines on the right can be good support/resistance lines, as well as the 80 level
I know everyone is expecting a big rise and I'm expecting too, but before that we can go through some turbulences.
The next hours will be crucial. If the BTC don't break strongly the 80 resistance, it will go down again for few days...