XBT/USD moved above the $405 resistance i’ve mentioned in my previous update, as expected it tested the quick VWAP average at ~$430 without enough energy to break above. This is again a bearish behavior but the bearish pressure is diminishing in intensity, as you can see from the attached chart now it is important for XBT/USD to stay above the indicated support area to prepare a new move to the next target, possibly at $455. If the $455 target is reached then I can start to consider $380 as a candidate mid term bottom.