BTC/USD is seen pushing the market price above the potential resistance level of $41,000 as bulls need to keep the price above the 9-day moving average at the time of writing.
Looking at the daily chart, the technical indicator Relative Strength Index prepares to cross above 50-level as the bulls appear to push the coin above the 21-day moving average.
In other words, Bitcoin could retreat and slide towards the lower boundary of the channel, currently located at $41,559.
According to the 4-hour chart, BTC/USD is currently trading above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel to hit the resistance level of $44,000 and above.
Looking at the Relative Strength Index shows that the BTC price may remain at the upside as the signal line moves to cross into the overbought region.