While it continues to trade in an erratic pattern, BTC appears to be trading on a mild upward trend since its crash to $33K in January. After an attempt at the $42K top last week, the primary cryptocurrency recorded another slump towards $38,500, where it currently trades around.

That said, I foresee a steady bullish climb in the near term and expect a sustained break above the $41K pivot top by the end of this week. Towards month-end, we could see BTC retest the $46,600 price zone, where it could regain its footing above the long-term bullish trendline.

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: $1.74 trillion

Bitcoin Market Capitalization: $740.6 billion

Bitcoin Dominance: 42.5%

Market Rank: #1