Bitcoin jumped above 41k again late yesterday. The price moved up to 41,307 and this price marked the highest level for the major cryptocurrency so far this week. However, the higher move was not sustained again and dipped below 40k once again around the time the broader US market closed. Bitcoin has been trading mostly sideways so far today, with 40k appearing to act as the pivot. The range seen so far today has been covered from 39,635 to 40,406 and is currently near the upper end of this range. The 200-day moving average is still rising and comes into play today at 42,686. Perhaps the spikes above 41k so far this week are running into further selling pressure ahead of this important price point. Ultimately, only a break above it will prove that this is not the case. Bitcoin is currently trading at 40,260
39155 is our pivot
Foreseeable scenario: Our next target stands at 42892
Alternative scenario: A collapse of 39155 would result in a decline towards 36840.

Dominance BTC 44%  ETH 17%

These are the Camarilla pivots for BTC and ETH:

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Gafico from tradingview.com