Bitcoin appears to be bracing for a bearish continuation over the coming days, as it failed to reclaim the $41,000 barrier over the weekend. The benchmark cryptocurrency has, however, formed a bearish flag over the past few days, and faces the real possibility of plummeting to the $39,000 low.

That said, Bitcoin’s only chance to avert this bearish move is to record a break above the $41,000 pivot top over the next 24 hours, which should stall the bearish pressure and give bulls a window to push for the $43,000 barrier again. The coming hours will play a critical role in the crypto market’s trading bias over the coming week.

Meanwhile, my resistance levels are at $41,000, $42,000, and $43,000, and my key support levels are at $40,000, $39,000, and $38,000.

Total Market Capitalization: $1.88 trillion

Bitcoin Market Capitalization: $769.3 billion

Bitcoin Dominance: 40 .8%

Market Rank: #1