BTC price under pressure below $ 40,000

The price of Bitcoin tested the $ 40,000 level again today but soon retreated to a $ 39,370 level. What we can notice is the following that the price forms new lower highs and higher lows, narrowing the price movement in one triangle. We can expect a bigger shift on the chart soon. For the bullish option, we need a continuation of this minor bullish impulse. In the $ 41,000 zone, we come across the MA200 moving average, which may be an additional resistance to further bullish sequels. Our next target is $ 42,000, the previous high if a break occurs. And the maximum jump on this time frame is our $ 45,000 zone. For the bearish option, we need a negative consolidation and a price withdrawal below $ 38,000. Our next support is at $ 37,200, and the maximum pullback is to the lower support line in the $ 35,000-36,000 zone.