There was a move above the 23.6% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low.
The 50% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low is also near the $41,350 zone.
In the stated case, the price may perhaps rise towards the $41,800 resistance zone.
If bitcoin fails to clear the $41,500 resistance zone, it could start another decline.
In the stated case, the price could decline towards the $40,000 level or even $39,250.
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