For a short term investor its a downtrend as consolidation is taking place from last few days. This can be proved that market capitalization is continuously falling. At present it is $ 355 billion which has fallen from $ 460 billion in few days. So its better to wait for an uptrend and then enter in it. though in long run period if you want to hold for more than a year you can enter it as the value is near to its minimum of last month, somewhere around 6000. Still there is chance for improvement in prices and technical analysis tools are also not in the positive directions. So as of now Wait!!!!!!!!!!!!!!!!!!!!!!!!!!!