BTC/USD is currently holding above the $42,000 level as the coin prepares for another push higher.
The trading is likely to cross above the 21-day moving average as the technical indicator Relative Strength Index prepares to cross above the 50-level.
Looking at the daily chart, Bitcoin is likely to regain ground by moving the market price to the next level.
Looking at the 4-hour chart, the Bitcoin price remains above the 9-day and 21-day moving averages as the coin faces the upside.
Moreover, if the bears bring the coin below the 9-day and 21-day moving averages; it may likely hit the closest supports at $40,000, $38,000, and $36,000.