Bitcoin Touches $41,000; Is A Pullback On Its Charts?

Bitcoin had been on a downtrend for the past few weeks, the coin, however, started to show an uptrend over the past 48 hours. BTC was optimistic as the coin finally broke over its crucial resistance of $40,000. It was seen trading above $41,000 at the time of writing. Price fluctuations had initially caused some minor deterrents in terms of buying pressure. Over the last two days, however, buying pressure mounted. BTC was on a bullish sentiment on its four-hour chart. If bulls continue to push prices on the upside, BTC could soon challenge $42,000. The coin could also move towards a price pullback after being on a rise for a few days. The global cryptocurrency market cap stood at $2.03 Trillion after a positive change of 0.5% over the last 24 hours. Related Reading | TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K Bitcoin Price Analysis: Four-Hour Chart Bitcoin was trading at $41,900 at press time, over the last 2 hours the coin rose by 1.6%. In the last week, Bitcoin had lost its value considerably however it recovered some of its losses as the coin surged in the past 48 hours. Immediate resistance for the coin stood at $42,000, with consistent buying strength the price ceiling would stand at $43,300. A fall from this level would mean that BTC would be back to $40,000, a price the coin touched thrice in the last week. A fall from the $40,000 mark, the coin would trade near the $38,700, after which the coin...