If Bitcoin breaks below $40,000, it is predicted to drop to the bull market support band, which currently sits between $36,300 (20-week SMA) and $37,300 (21-week EMA).
"if the if if the floodgates are opened and Bitcoin breaks below 40K then the next level to look at where the Bulls would probably try to to defend would be the bullmark SW B and right now the 20we SMA is at 36.3k 21 EMA is at 37.3k more or less 36 and 37k"