As you can see in the chart, there is a huge Open Gap on the Chart of Bitcoin between $26,000 and $24,000 dollars, and there is another between $19,000 and $18,300 dollars. To close those Gaps the price would need to go down to $24,000 for the first one, and all the way down to $18,300 to close the second one.
Previously, it closed a huge Gap between $31,450 and $29,650 dollars.
Not all Gaps get filled, but most of them does, like 90% or so. At the very least, we will close that huge Gap between $26,000 and $24,000 dollars. Meaning at the very least, I expect Bitcoin to go down to at least $24,000 dollars, if not lower.
Furthermore, the indicator is deeply overbought, and the 20 and 50 Day Moving Average Indicator are far away from the current price.
Certainly, I expect we will see $24,000 dollars on Bitcoin before we see $40,000 dollars.
Not a financial advice.
Good Luck in your decisions.