You Bitcoin traders will likely enjoy this chart. Clarity is always a nice thing to find. Clean lines or mathematical points of perfection are things of beauty. So today after a great vertical price run in Bitcoin we saw price hit a weekly high that was noteworthy. Bitcoin has reached up to hit the .786 retrace level of its prior highs with near perfection and then stopped dead. It now looks set to reverse back down. How far is anyone’s guess but if this top holds all week you may want to dust off your bear plays and plan for some kind of pullback. It is worth mentioning that bitcoin tends to mirror the broad markets in its rise and fall. Just look how it performed during past market sell offs. So this chart may be confirming a larger story than just Bitcoins chart.