Bitcoin / UsdT (BTC/USDT) Analysis, a possible fallling wedge?

I was shocked to see this morning that Bitcoin had been down to $38,000, which is why i started my research to learn why such a thing has happened. Apparently it's because of Instituitional buyers (Wallstreet, etc) buying into $BTC using ETFs and futures and stuff, which impacted the supply and also the price, but I'm not 100% sure of it. Whatever it maybe be, the last hope that i"m seeing is at support of $24,000-$27,000 , unless it breaks the falling wedge I guess. Till next time!