Well, this isn't based on any technical analysis, fibonacci levels, indicators or even support/resistance levels. I happened to be looking at the Google Trends page for 'bitcoin' and we've seen a steady decline since the highs hit in November-January.
To understand the graph, the '100' level is the peak search volume over the past year. The number of people searching for the term 'bitcoin' peaked during the week of Dec 17 - Dec 23 in 2017 and has fallen more than 80% as we head into April. The drop has been pretty steady after the initial steep decline in the first 2 weeks of January. Interestingly, this was right around the time Bitconnect shut down.
So what's changed?
Well, for the first time since the start of the year, we might see 2 consecutive weeks of increasing search volume for bitcoin. The trend for the previous 2 weeks has come in at 17 and 18. For this week, we're at 17 and there's still 3 days left to go.
We've had a couple of false starts in January and early February which saw big spikes. This time, the jump is a lot more mellow but hopefully it will be the start of a more sustainable uptrend. One can only hope :)