Bitcoin (BTCUSD) fell sharply towards the end of last week after a failure to climb above the December high of 467. This reflected that the virtual currency was still in consolidation since it tagged 500 in November .BTCUSD daily chart 1/18(click to enlarge) The daily chart shows the sell-off, which has so far found support around 356 a support/resistance pivot. I would not be surprised to see further downside for example towards 340. What I am looking for now is for price to stall after this dip. Preferably there is a bullish divergence. If these things line up and price is stalling around the rising trendline, I think there would be a bullish scenario back to 400, and the 407-410 area, which represents the double top support seen in the daily chart.