Hi,
Bitcoin is around 40k for the last couple of days trying to break up the red line, which is 50 week EMA .

If we cant hold it, its possible for price to test 200 week EMA which is the green line.

Historically, when price cant hold around 50 week EMA , tested the 200 week.

In the corona virus period price even tested 300 week EMA which is the yellow line.

Since this is a weekly chart it could take months before we test the 200 week EMA .

Probably we are not going lower than 30-35k zone since there are huge instutional investors bought in from that zone.

But we should always be careful. If price touch the 200 week EMA , i do think this is a pretty good buy zone.

Take care and have a good luck.