After taking the plunge to the $39,000 low as predicted in my previous analysis, Bitcoin has pulled a stunt on bears on Tuesday after retaking the critical $41,000 level. The benchmark cryptocurrency now sits comfortably above the $41,000 pivot top and my medium-term ascending trendline.

That said, bulls need to sustain their newly-found market control and push to the $43,000 mark over the coming hours and days to secure a bullish sentiment in the market. Failure to do so in the near term could force prices below the $40,000 psychological support again.

Meanwhile, my resistance levels are at $42,000, $43,000, and $44,000, and my key support levels are at $41,000, $40,000, and $39,000.

Total Market Capitalization: $1.92 trillion

Bitcoin Market Capitalization: $789.4billion

Bitcoin Dominance: 41%

Market Rank: #1