Bitcoin - BTC - $40,000 is the new $30,000 Support?

Bitcoin - BTC - $40,000 is the new $30,000 Support? The recent downward momentum has slow and is starting to bounce of the $40K-ish range. This is similar to what happened when price declined to the $30K-ish range. If the $40K range holds as support we may see a break out soon. Keep in mind that fundamental factors are still at play as well. There are several news events that will drop this week, so the markets could get volatile. We will see? Edutainment Purposes Only!