BTC finally recovered to $40,000.
Currently, it is moving in the ascending parallel channel. It has stopped rising at the channel upper limit line.
In the latest rise, it has broken above all moving averages, formed a complete support line, including the uptrend line.
So even if it can't go over $40,000 and back down, itt should stop falling around $37,500 and is likely to show a rebound again.
On the other hand, if it keeps $40,000 and start a further rise, short-term rise to around $42,000 is possible.
Either way, strong development is expected, but watch out for FOMC trends and Fed Chair Powell's remarks.
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