Bitcoin, which peaked at $42,000 on 8 January 2021, had corrected to $28,500 and returned to its rise by testing it again.
With Elon Musk's announcement that he supports Bitcoin, Bitcoin tested $38,000 levels. Bitcoin could not hold there, but remained above the $32,734 support.
Bitcoin, which has shown its willingness to move upwards since 31 January, could retest the $42,000 level as long as it closes above $36,821 to make a new ATH.
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