Bitcoin price rises, but $430,000 holds key to more gains
Bitcoin price is forming a base above the $40,000 support area. BTC is currently struggling to clear the $43,000 resistance zone and consolidate.
Bitcoin is starting a fresh rally from the $40,000 support level.
The price is trading above $42,000 and the 100 hourly simple moving average.
There is a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC/USD pair.
The pair is likely to continue rising if there is a clear break above the $43,000 resistance.
