Bitcoin price analysis is bullish today as we expect recovery to follow after a new low was found at $39,200, and consolidation followed overnight.
BTC/USD traded in a range of $39,321.69 to $39,935.86, indicating mild volatility over the last 24 hours.
Bitcoin price action has seen a steady decline come to an end over the past week.
More upside followed shortly after as BTC/USD moved above the $41,500 previous local high.
Since then, the Bitcoin price action has attempted to move lower, only to find support at $39,200, meaning a higher low is set.
Bitcoin price analysis is bullish today as we have seen strong support at $39,200 over the last 24 hours.