The BTC/USD at bitstamp exchange has been trying to bottom, but has been blocked in a trading range since 7 January ’14. There have been several attempts to move above the short term VWAP without success, every time my average halted the price advance; this means we have an accurate dynamic level that help us to understand when to enter this market: at the breakout of that level (now located at $828).

I think that if the weakness will continue in the coming days, we could see a low near $ 785, where there is the first negative deviation  line. RSI average is close to oversold, indicating that a bottom is near.