TA: Bitcoin Overcomes Hurdles, Why BTC Could Regain Momentum

Bitcoin extended decline and tested the $38,200 zone against the US Dollar. BTC started a major recovery wave and climbed above the $40,000 resistance.Bitcoin extended decline, but it remained stable above the $38,000 level.
The price is now back above below $40,000 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $39,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is eyeing more upsides above the $40,