BTC/USD formed a double bottom at 120$ on the hourly chart, and it is reacting well, as long as it stays above the VWAP at 114$ i’m not worried.

If another quick flash crash will take place i recommend to watch out the 75$-80$ price zone where i think BTC/USD will find support and react strongly; that price zone is around the minus one standard deviation of April volume weighted average price. It is a very improbable occurrence a test to the -2 standard deviation line at 50$, so for the remaining part of April and probably till mid May, BTC/USD will stay away from fifty dollars.