Bitcoin / UsdT (BTC/USDT) Analysis, a possible fallling wedge?

I was shocked to see this morning that Bitcoin had been down to $38,000, which is why i started my research to learn why such a thing has happened. Apparently it's because of Instituitional buyers (Wallstreet, etc) buying into BTC using ETFs and futures and stuff, which impacted the supply and also the price, but I'm not 100% sure of it. Whatever it maybe be, the last hope that i"m seeing is at support of $24,000-$27,000 , unless it breaks the falling wedge I guess. Till next time!