Strong downtrend since Nov 2021 within Falling Wedge Pattern.
Presently at long-term Trendline support and local support near 41K but 0.786 Fib and Pivot Point S1 supports only at 39K and 37K.
Breakout of the Falling Wedge needed to turn BTC bullish. Possible long-wick retracements till 37K and 39K still possible before Trend Reversal can be confirmed.