Bitcoin suffered a debilitating crash yesterday as the benchmark cryptocurrency fell from the $45.5K level to the $42.7K support in the early Asian session today. However, recent aggressive dip-buying by whales has helped the flagship cryptocurrency diffuse the bearish pressure as BTC backtracks to $44K.

The near-term projection for the cryptocurrency remains unclear at the moment, as the price has yet to react appropriately to recent news of dip-buying by whales, regardless of the bearish slowdown.

Meanwhile, my resistance levels are at $44,000, $45,000, and $46,000, and my key support levels are at $43,000, $42,000, and $41,000.

Total Market Capitalization: $2.01 trillion

Bitcoin Market Capitalization: $829.1 billion

Bitcoin Dominance: 41.2%

Market Rank: #1