After tumbling earlier in the week to below 40k handle, bitcoin has bounced back and began to consolidate above 41k. A good sign for bitcoin bulls as the short term sell off is being met with buyers coming in to hold the 40k level. At this point the market needs to hold the recent support at 39k or else it will not look good for the bulls. As for the buy side, if we can break above the recent consolidation range, then a move towards 42.1k or 43.1k will be the next logical targets for bitcoin to trade towards.