Bitcoin Price Analysis: BTC moves back above $42,000, set to reach further upside over the weekend?

TL;DR Breakdown Bitcoin price analysis is bullish today.Bitcoin currently consolidated around $42,000.Further upside is likely to follow over the next 24 hours. Bitcoin price analysis is bullish for today as bulls rejected further downside yesterday and consolidation has been formed above $42,000. Therefore, we expect BTC/USD to continue higher over the next 24 hours and look to reach the $45,000 previous swing high next. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 2.9 and 3.55 percent, respectively. Meanwhile, LUNA and XTZ are the best performers today, with a gain of more than 15 percent. Bitcoin price movement in the last 24 hours: Bitcoin rebounds to $42,000 BTC/USD traded in a range of $40,967.32 – $43,168.39, indicating mild volatility over the last 24 hours. Trading volume totals $35.8 billion, down by 7.74 percent from yesterday. Meanwhile, the total market capitalization trades around $800 billion, resulting in market dominance of 42.16 percent. BTC/USD 4-hour chart: BTC targets the $45,000 previous high next? On the 4-hour chart, we can see the Bitcoin price consolidating around $42,000 today as bulls prepare for further upside.  BTC/USD 4-hour chart. Source: TradingView Bitcoin price action has seen strong bearish momentum so far this month. After peaking below $53,000, a drop of more than...