That was a pretty good analysis, after being around the 40,000 USD mark BTC actually dropped down to close below 30,000 USD. I think this drop was needed to show investors that the price is not only pure short term trading and can sustain such high levels in the future. At the moment we are at 37,000 USD again and back on track to reach the 40,000 USD.
As per the TA or Technical Analysis, bitcoin might reach 40,000USD again maybe starting next week but we cannot erase the fact that every Chinese New Year of their Dragan Festival correct me if I'm wrong the price of the coin fluctuates prior to that date, so I think we can see new patterns starting this Monday so I think it is very crucial for us to buy bitcoin right now, or you may buy of course I will not stop you but manage your risk.