BTC/USD is currently recovering from the $39,550 support zone as the Bitcoin price needs to cross above the 9-day and 21-day moving averages to keep the uptrend intact.
As seen on the daily chart, the Bitcoin price is moving closer to the 9-day MA as the coin begins the new bullish movement with a new note.
However, the first major resistance is near the $42,000 level, therefore, a clear break above the $44,000 level could set the pace for a larger increase to $45,000, $47,000, and $49,000 resistance levels.
The 4-hour chart for BTC shows that the coin is likely to follow a sideways movement.
However, considering that the 9-day MA is still below the 21-day MA, the Bitcoin price may move back below the $40,000 support.