At present we've held ground, gone sideways if anything overall and above the 50 day average. I think we remain bullish overall and far more positive then the previous regular decline, it was merely a rest stop in a bullish rally.
We are below the weekly average but bigger then that is being above the 50 day. I think if wanting to be cautious then waiting till we regain 43k roughly and then a greater acceleration should be observerable.
You are right, we've regain the $43k price level and so we keep our heads above the 50 day average again.
So I would say that it is a good sign that the bulls are still here in the market, maybe not as lively as before. But they are not giving up and could make a final push to $45k again next week.. That will be the target for now. It's the biggest barrier we have so far and we just had one attempt so far, it was a brief touch to $45k but then it retraces back to $43k'ish levels.
Price resistance is back on the normal path, although it has not yet reached the previous price, achieving the results of the correction is not only to reach a new ATH, at least making prices return to normal is more than enough, today when compared to 2 months ago, there is an increase Regarding price stability, $45k should be able to be maintained so that it doesn't go down further, I think in the future it will get better and wait for the actual price to reach.
We are grateful that the price of Bitcoin has shown an increase, although it is still far from the expected price. It takes patience to invest in Bitcoin,
we cannot generate profits instantly. But if we look at the price of such strong support, it looks like Bitcoin is not going to drop below $40k again.
As long as the Bitcoin price is stable above $40k, we shouldn't have to worry. Because slowly the Bitcoin price will be able to return to the ATH price.
What we need to do now is to be patient holding Bitcoin until the price target we want is achieved. For those who believe in the future of Bitcoin,
then it's only a matter of time to get big profits from Bitcoin, hopefully this year the price of Bitcoin can reach new ATH.