Bitcoin is continuing its upper trend, following a few months of price drops since reaching the ATH above $68.8k last November. After several months of upwards movement, a correction was likely, and Bitcoin price saw a retracement of over 50% towards the end of 2021 and the beginning of 2022. Since reaching prices as low as below $34k, Bitcoin price has bounced and is making a push upwards over the $39k support level, which signals it could have potentially bottomed out and is looking to make a further push towards upper resistances.
Currently, Bitcoin has moved towards the $43.2k resistance level and has been trying to breach it several times but has been rejected. Last week it tried to close above this level just to be rejected at the end of the week. This week it started in a similar manner as it's still trying to close above this level and consolidate it but has also been rejected.