I do not think it will drop more than $40k, the reason is because many whales are beginning to defend their positions, although the market is very bearish for many in the short term, in some analyzes they are being quite negative, at least for me it is, I have I have read many articles, but this one seems to me to be very bearish:
After a false breakout of the $42,000 zone, bulls are not showing any efforts to return the price to the bullish channel. In addition, the buying trading volume is low, confirming the power of bears.
Source:
https://u.today/btc-eth-xrp-and-ltc-price-analysis-for-may-18For this reason, I do not think it will fall in price, I think that in the short to medium term Bitcoin will take a bullish turn, perhaps the bears are taking advantage, but many investors and traders are beginning to buy the fall.
