Struggling to regain the $40k - too long challenging it and we will drop. If we can come out of this small consolidation cycle and press back above $40k then we will regain bullish momentum.
Coming down out of it then we will lose key support and a support trendline.
Money is currently flowing into ALT's quite nicely so lets hope for a bullish break up on the consolidation to continue that momentum.
Personally I am quite bullish on BTC outside of any FUD News and expect to see a test of $41k again by end of day and holding - although breaking back down below $39k then it will quickly become bearish.
Long term - Unless we break $40.7k then we will likely range/consolidate to around October.
