After the price of Bitcoin returned above $40000, it began a steady movement. The BTC/USD pair was able to rise above $41000 and break through the level of resistance $42000. The pair also tried to rise and gain a foothold above $43000, but unsuccessfully. Despite this, the pair BTC/USD retains an upward trend. At the time of publication, the BTC/USD pair is traded in the area of 42200.
From March 14, the BTC/USD pair moves in the rising range. This range supports a pair in the area of 41800 and limits its movement around 43500.
In the current situation, the BTC/USD pair should overcome resistance in the area of 42800 to try again rise above 43000. Successful breakup of this level can start a new steady upward movement. In this case, the BTC/USD pair can rise to the area of 43500. Any movement above this level will send the BTC/USD pair to the area of 44200.
On the other hand, if the bears continue to put pressure on BTC/USD, it can fall to the support area of 42000. Next, it will receive good support in the area of 41700. The breakdown of this level will send a pair to the area of 41500.
