Bitcoin is on track to record its second consecutive bullish daily performance since its slump from $43K last week. However, it has to plant a solid footing atop the $41K pivot top, where the daily 100 EMA resides.

However, the benchmark cryptocurrency currently struggles to scale the $40K psychological hurdle as bears fight back. Failure to secure the renewed momentum into the end of the day could send the flagship cryptocurrency spiraling towards the $37K low in the coming days.

Meanwhile, my resistance levels are at $40,000, $41,000, and $42,000, and my key support levels are at $38,500, $37,500, and $36,000.

Total Market Capitalization: $1.82 trillion

Bitcoin Market Capitalization: $755.5 billion

Bitcoin Dominance: 41.4%

Market Rank: #1