Due to the monetary tightening pressures, we have observed sales in BTC in this week. Now, it is heading upwards in a recovery effort. Technically, the upper level of the descending channel indicating 40 500 will be significant for the bullish momentum of this recovery. Possible rises above this level may target 42 500 level closely. On the other side, 39 500 – 39 000 levels will be our support levels.