The market is at an inflection point again. For the bullish scenario to stay believable, support at 370$ must hold and then act like a base for a rally.
If not, this could deflate down to about 320$, then raise to about 380$ (bull trap or good sell point), before going down to find THE bottom.
sounds like someone is blindly regurgitating the bitcoin market analysis article released today lol
http://www.dailytradingprofits.com/2112/bitcoin-market-report-111914/