BTCUSD Back to $40,000?

Following the sell-off across markets, I have been looking for strong buying opportunities ahead of this week's FOMC meeting as well as the seasonality of Crypto currencies usually seeing a lot of buying potential early in the year and into the Spring.

The following shows a bull-ish pin bar formation on the 4 hour time frame in a key demand zone which has prompted a potential buy signal ahead of the other catalysts mentioned above. We may find that should enough buyers wish to re-enter (and no other countries decide to ban the asset/commodity/virtual token?) then we may even see a subsequent return to $50,000 and beyond.

When there is blood in the streets, that's when it's time to buy.

BINANCE:BTCBUSD