The cryptocurrency market has failed to live up to traders' expectations as the bitcoin price is still struggling to get back above $40k. Bitcoin's attempt to hold its price above $40k indicates the sluggish momentum of the crypto market. For almost a month now the bitcoin price is between $37k-$39k. Currently, the price of Bitcoin is trading at around $38k. If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.
Sad to see that it already drop below 30k$ area but it does not mean that it will stay on that price maybe few weeks from now we will saw btc above 35k$ for now i think there's no need to over think on what is going on in the market we need to keep calm and think about the future so i will buy few altcoins that is also in a downtrend situation and hold till btc market become stable.