as long as whales continue to manipulate the market, bitcoin will continue to be erratic. even experts on technical analysis, say there is no applicable explanation on the current market behavior.
this analysis predicts a test of the ~$4k support.. prior to a bull run. it is a good read.
https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-621-us-and-north-korea-summit