Bitcoin Price Watch; Near Term Reprieve?

We are closing in on the end of the European session in the bitcoin price and things have been pretty interesting today. We started out the session this morning by noting that action was relatively weak (in the sense that price was falling, and falling fast) and that this was primarily driven by a concurrent weakening of sentiment.
When things move like they have done recently, it can translate to a sort of downward spiral-type action that feeds itself – that is, price falling, people pani