Bitcoin climbed above $41,000 for the first time in more than two weeks during the previous session. Tesla Inc. CEO Elon Musk tweeted earlier in the week that the company would resume allowing bitcoin transactions once miners verify that these use more renewable energy.
The market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 42410 swing high signals a stretch to 46572. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 34691. A close under 34691 is bearish and suggests a secondary selling wave 31314.