Bitcoin (BTC) is experiencing spring weather: Investors are happy!

Bitcoin** (BTC), which has increased by more than 10% in the last five days, has revived the crypto industry.

Shaken by a lot of fud news, especially **Grayscale's scary transfers, BTC had pinned to $38,500 a few days ago. Although it started to recover later, the pioneer of cryptocurrencies, which could not show the desired performance, put a stop to this situation with the breakdown of the falling trend. Which levels are critical to follow for BTC, which quickly overcomes the negative process thanks to its technical structure?

The breakout of the downtrend triggered buyers!

The BTC, which started to form a falling trend structure on January 16, broke out on January 26 and recorded an increase of 7.10 percent. Although it dragged the dominance after it in this process, we can say that it threw the BTC, which was like a medicine to altcoins, into a relatively safe zone. For now, struggling with the minor resistance level, BTC can target $43,386 – $44,800 – $45,929 and $47,036, respectively, as long as it closes a four-hour candle above $42,500.

A bearish move can be expected for the BTC if regulators target the crypto industry, BTC transfers that may cause concern, or fud news. In such a scenario, the $41,511 level should be followed as support first. If the selling pressure deepens, declines to $40,408 – $38,996 and $38,124 can be observed, respectively.