Bitcoin (BTC) In The Trough Zone Can we Hold $40,000?

We've been through this rodeo with Bitcoin many times. On a downtrend for the past 2 months and a nice 42% dump from new all time highs set November 11th. Oversold on the daily timeframes on the Stochastic RSI, RSI, and MACD showing signs of confluence. We could bet getting close to bottom soon and another parabola on Bitcoin has formed. We're still in a downtrend though and need to hold above $40,000. If we can't hold $40,000 then $37,000 is next the next destination.