Bitcoin has recently rebounded from the support area and has now reached the resistance area. However, it seems like BTC is facing some selling pressure at the resistance level. We will have to wait and see whether BTC can break and maintain its position above $43,000. If it does, we might see a significant gain and a move towards the major resistance area.
Support Area: $40,000-$42,000
Major Resistance Area: $45,000
