It is about 30% far away from its record high of near $69,000 it had hit in November last year.
“On the daily timeframe, the BTC trend can be seen retesting the previous breakout level.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, surged more than a per cent to $3,490.
The performance of other digital tokens were mixed with Polygon, Litecoin, Stellar, Cardano, Uniswap, Terra also trading with gains whereas Solana, Terra, Polkadot slipped over the last 24 hours.
Meanwhile, cryptocurrency volumes in India have dropped new laws to tax the digital assets kicked in on 1 April, according to Bitcoin.com.