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Technical analysis:
BTC/USD has been trading sideways at the price of $41.200. I see potential for the breakout mode in the next period.
In case of the breakout of the support at $40.000 and hold below, there is the chance for the drop towards lower reference at $38.500
In case of the upside breakout of the resistance at $42.400, there is the chance for the rally towards $44.000
RSI oscillator is showing downside condition and potetnial for the further drop.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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