BTC has fallen under a bearish influence again as it failed to clear the $45K top yesterday, after a 24-hour consolidation around the $44K mark. The benchmark cryptocurrency has dipped to the $42K low and threatens additional declines if bulls fail to defend the support level .

That said, we could witness a bearish continuation to the $41K support over the coming days where a confluence of technical factors, including my ascending trendline and pivot zone top, reside. A fall to this zone should facilitate a sharp rebound for the primary cryptocurrency in stages, as illustrated in the chart above.

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: $1.86 trillion

Bitcoin Market Capitalization: $801 billion

Bitcoin Dominance: 43%

Market Rank: #1