Not sure about the new highs in 48 hours but the technical indicators I use are signalling a buy. Take a look at this Bitstamp one day chart:



Price has retraced to the Fibonacci 50% level measured from recent low to high. StochRSI is already in oversold territory. The only thing missing to signal a strong buy is daily volume, only about 30,000. If we get volume up to 50,000 today with price below $380 I would personally close my shorts and start adding longs.