The reason for the current downtrend are big mining companies constantly cashing out which is quite profitable atm.

Actual cost to mine a bitcoin is $597.23
http://www.coindesk.com/microscope-economic-environmental-costs-bitcoin-mining/

There is some entity in the miner space right now that has enourmous hash power, which drives the prices down. I will take my advantage from the situation and buy as much as i can.

Man, every second post is from fonzie. He must be really desperate.

Nice buying opportunity. I predict an uptrend starting next week, which will cut through magic 666 like butter and leveling out at 800 until middle of july.