in my opinion , bitcoin for the following reasons ,come back from 40,000$:
1.Moving average 50 probably support price
2.the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$
because in weekly time frame probably bitcoin touch Moving Average 20
1.Moving average 50 probably support price
2.the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$
because in weekly time frame probably bitcoin touch Moving Average 20