The past week has been really bad for BTC. Consecutive FUD was launched causing the price to drop as much as 27% in a week, a pretty significant number for our king. But this is a necessary correction so that we can create momentum for a new, better path.
The strong support level of 42k has been touched and we can expect a retracement in the range of 52 - 53k, according to many reports as well as analysis it can last for 10 - 12 days before reaching that expected level. It is also a great time for Altcoins to fly.
Besides, seeing a large amount of Stablecoins being pushed to the floor but the USD price did not increase significantly, it is still possible that BTC will test the 42k support again before a signal of recovery appears. Let's wait and see!