With this move, there is a high chance that we might see a bear market but lets wait for further confirmation because there is a chance that this might be a false breakout like what happened last time when Bitcoin went below $40,000.
Have to say am a bit miffed there wasn't even a hint of a bounce (as I'd been long expecting once 40k would break). Instead, what happened was a brief flicker above $43k and then just losing all that ground to plough $38k. Pretty disappointing, and even without volume I see it hard for selling pressure not to continue into the weekend.
Oh well, my BTC balance keeps growing then.