BTCUSD consolidation

Early this morning, the price of Bitcoin fell below $ 38,000 this morning, but very quickly, we saw a recovery to $ 39,200. Our current resistance is the MA200 moving average to further the potential bullish trend. The price of Bitcoin should break above $ 40,000, which would be a sign of a potentially shorter recovery to $ 42,000. For now, we have resistance at $ 39,200 and see a shorter withdrawal at $ 38,863. We can say that we are still under bearish pressure and that the price may fall below $ 38,000. If the price falls below $ 38,000, our first lower support is at $ 37,200, low from March 7th. If this support doesn’t hold up, the next potential support is $ 35,000 on the bottom trend line.