After successfully crossing the $44,000 mark, Bitcoin’s [BTC] growth momentum declined. However, it fell prey to a price correction, as both its daily and weekly charts turned red. BTC’s price could plummet to $38,000 in the coming days. At press time, CoinMarketCap showed that the king coin was down by more than 6% in the last seven days, trading at $40,918.60 with a market cap of over $800 billion. If the latest data is to be considered, investors should expect the king of cryptos’ price action to remain slow. Notably, X (formerly Twitter) analyst CryptoCon recently revealed that Bitcoin has reached its final, light resistance point on MVRV before reaching the red zone.