Bitcoin has been selling off in a stair-stepping fashion. Which means it's a controlled selling (or converting to cash). This is a good sign which means that it's orderly changing of hands. So hopefully at some point soon, the price will induce buyers to step in, and begin the reverse stair-climbing.
There is also talk beginning to spread on using Bitcoin for international money transfer. If this continues to take off, it will infuse Bitcoin with a new culture of buyers. Combine this with more and more ways to spend Bitcoin and you get a fresh set of buyers to push prices up.
Below is the latest report, and I've drawn lines to show triggers to show that buyers have begun to step back in.
-cj-
