![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimgur.com%2FOju3wPb&t=665&c=hsf5NLPOTaPHPg)
Bitcoin recently broke out of a symmetrical triangle and tested the broken trendline for about 3 times until it broke it again.
Now it's on that support trendline and price now should start to rise.
Possible checkpoints of the price turnaround would be the 1600$ mark.
It's crazy when a guy says that the value of a bitcoin is increasing, in contrast, its value is going down, not only that, but it also pulls off all the other altcoins, which are heavily influenced by Bitcoin