At the beginning of the week, the price of Bitcoin formed higher low on the chart, which was a sign that we could see a recovery in the price and climbing to higher values.
After two days of consolidation until this morning, we had a strong bullish impulse that raised the price of bitcoin above $ 42,000. On a daily basis, the jump has been 9 percent since the start of the day. If the current bullish momentum continues, our next target is the previous resistance zone at $ 45,000. When the price fell below $ 45,000 at the beginning of the year, after that, we did not have a concrete break above and returned to the bullish trend .
For the bearish option, we need a negative consolidation and withdrawal to the previous support zone of $ 37,250-39,000. If this support does not last, the next one is waiting for us on the lower trend line , in the zone of 35000-36000 dollars.