Bitcoin has again dipped below the critical supporting trendline, as the primary cryptocurrency etched closer to $39K last week. At press time, BTC trades above the $40K psychological level but needs a leg up in the near term above the $41K pivot mark to re-emerge above the trendline.

The flagship cryptocurrency now faces a present risk of a bearish breakdown below the $39K area in the coming week. That said, a return to the upper-$41K zone puts it back on track for a $50K price tag snatch in April.

Meanwhile, my resistance levels are at $41,000, $42,000, and $43,000, and my key support levels are at $40,000, $39,000, and $38,000.

Total Market Capitalization: $1.88 trillion

Bitcoin Market Capitalization: $769.3 billion

Bitcoin Dominance: 40 .8%

Market Rank: #1