BTC has been tossed back and forth since falling over 60% from its all-time high, waiting for a breakout. For nearly a month, bears and bulls have been battling, forming a falling channel. Currently, signs point to a return to the 40k+ range. BTC must break and hold the big barrier zone of $38,200 to validate a bullish resurgence. BTC might fall further -20% if it fails to retain the $33,500 support level.