Bitcoin (BTC) Price Prediction: BTC/USD Holds above $39K Support

On February 17, the bears succeeded in breaking below the $41,800 support as BTC price attempts a rebound. The breakdown signals the resumption of a downtrend. In retrospect, the largest cryptocurrency has been range-bound between $41,800 and $45,000 price levels. The bulls made several attempts but failed to break the $45,000 overhead resistance. Sellers have regained temporal control of prices as BTC/USD declines.

Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000