3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?
Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week.
Very bad news can drive the price down to about 3000$ though.
imho
The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD.
What might be a little unfortunate for the further developement is that the newcomers who bought high and sell now low will not come back.
They will leave with a negative impression of the crypto currency world, and they will share that impression with their friends.
That kind of bad publicity will need soem time to get out of the peoples heads.
Personally I am countig on businesses and banks to enter bitcoin in the near future. They don't get scared so easily.