BTCUSD, 60m chart, MtGox

Following the alleged news from China on Weibo that Chinese banks are banned from funding BTCChina, BTC / Yuan prices are falling on BTCChina. BTCUSD prices are heading towards the bottom of the narrow range established in the last few days. But RSI is nearly oversold which suggests the recent downmove is overextended. We may bounce of the bottom of the channel or fall to lower levels of support.