Bitcoin looked quite good a few weeks ago, forming what seemed like a bottom and having a short term bounce that suggested a potential change in trend. However, this outlook changed when Btc failed to hold the $45k support level and fell below the 20EMA and the 50EMA, suggesting that it had lost momentum and would likely move further downwards. This was followed by Bitcoin price falling to the next resistance level around $39k where it's currently ranging. At the current moment, its starting to look more likely that this indecisiveness and price action could likely see Bitcoin moving sideways for the following weeks or drop to the next resistance around low $30k, and bottom out around this area; this would mark an over 55% price correction since all time high prices in late 2022. The same can be said for the crypto market as a whole, as other main coins such as Ethereum and Ripple are also respectively suffering from losses over the last few weeks.