Bitcoin continues to struggle as it stays under $40,000, the majority of traders are having a bearish sentiment about the market that bitcoin may bottom at $37,000 before we see any relief rally. Bitcoin Analysis The fallout from the three-month-old rising channel teases further correction in Bitcoin(BTC) price. A successful retest to the breach resistance trendline has plunged the coin price below the $40000 support. However, a positive divergence in the RSI chart raises doubt about a genuine breakdown.