The price has only been down for a day. I'd wait a few more days (like 30) until I'd call it a trend. You can always consider it a buying opportunity, too, if it goes down to $250 or lower.
http://www.coindesk.com/price/
http://www.coindesk.com/price/
I don't know if this is seen as a trend by most of you, but Bitcoin has been on the steady decline for the past few months after it peaked. Am I the only one who looks at Bitcoin like a stock? Because it is seeming like a shitty stock. I think when it hits a ceilling for how low it will go, it won't really change too much.
It is a means of exchange but if we were looking at it like a stock it's good on the fundamentals but in terms of performance price wise its sucking pretty hard, in other words the market isn't reacting to the news.
If we treat it like a currency it's dropping relative to all currencies lol.
I entered crypto not that long ago, but I noticed that things reflected in the news basically don't influence the price at all, it seems like some big whales are just manipulating the market to their needs and there is nothing you can predict here.. 
If you look at the trading graphs most of price drops happen suddenly like a stone (be it a small drop or big drop) and then trading returns to normal again, i mean its not gradual decline..