BTC/USD is likely to stay above $40,000 as the bulls may struggle to push the coin to higher levels above the 9-day and 21-day moving averages.
The Bitcoin price is yet to cross above the 9-day and 21-day moving averages, but the king coin may be settling in a tight range below the 9-day and 21-day moving averages.
However, if the Bitcoin price failed to cross above the 9-day and 21-day MAs; traders may see a price cut below the lower boundary of the channel at $39,000 vital support.
Looking at the 4-hour chart, BTC/USD is hovering above the 9-day and 21-day moving averages.
However, if the bulls push the coin towards the upper boundary of the channel, the $41,000 level is likely to act as a major hurdle in the near term for Bitcoin.