Most People who entry position is with the last two month will dump their coins in the next days. If we hit the 315-300, the price will be driven down by a chain of sellers.
People who got into the first entry position were smart enough to sell during the mini bubble crash. Therefore, the support level is been pushed by those who bought on second and mostly third deep. If the prices get near $360, we'll see a collapse in btc prices because there are no many bulls from the first position at this point.
A this rate, the bears will resists a 270's breakout. During the next six hours, 260's might become the next resistance level.
This can trigger a reversal of the current bullish trend.
