Judging by the time you made this post, you had a very good concern that later happened, though not entirely as expected. Bitcoin moved so well to hit below $60,000 but I am not sure if it will ever reach $30k-$40k anymore, at least for now. Well, this behaviour is not what any right-thinking person would not have expected and I've iterated on it many times on the forum that Bitcoin might behave in a way that will surprise people. The coin is in the bearish trend in a short-term scope and might remain there unless it has the power to rebound strongly to breach the current ATH at $73,850. The issue Bitcoin is facing is that it moved higher before its real-time, so people are now cautious because it has already moved too high and has created a new ATH, a level from which it starts falling in March.

I doubt if there are people still willing to commit their huge money to Bitcoin at this level, but time will tell on this. However, on the selling side, it can't be worse for it to breach $45,000 in my opinion, though the bearish impact is still being felt. Nevertheless, I can see some sideways movement on the larger scope, and one may want to make their money with this pattern. Lastly, a bullish candlestick is spotted today even as the 4-hour chart is positive with its price action. These might make it move higher for a while, particularly this time that the market continues to find comfort above the 1D Fibo level of 38.2% at $60,340.