Bitcoin has regained decent upward traction on Tuesday, following a plunge to the $41K support, where I predicted buyers would come aboard and retest the $42.2K barrier. As is observable on the 4-hour chart, the benchmark cryptocurrency bulls have obliterated the $42K resistance and now battle the $43K for dominance.

I stand by my forecast that we would see the price resurface above the $46K pivot area before the end of March, as trading sentiment becomes notably bullish and volume seeps into the market again.

On the flip side, any bearish action or resistance around this level, with the prevailing fundamental headlines, should get firmly repelled by the $41K support/ pivot top.

Meanwhile, my resistance levels are at $43,000, $44,000, and $45,000, and my key support levels are at $42,000, $41,000, and $40,000.

Total Market Capitalization: $1.93 trillion

Bitcoin Market Capitalization: $814.3 billion

Bitcoin Dominance: 42.1%

Market Rank: #1