Analysts say Bitcoin 'bottom is in’ as BTC bounces back to $38,000
Bitcoin price retests a major support/resistance zone at $38,000 as technical analysts and traders suggest that “the bottom is in.”
Up from here? 
Still too early to tell! Could still be weeks before we get a clearer picture honestly.
Basically, unless we break below $30,000 and remain below $30,000 for weeks, I lean bullish. And the $28,000–$30,000 level has acted as very strong support for a year now.
A drop below $30K is still possible. Must keep an eye on the charts!