After a sharp jump in the value of bitcoin to $38,000, this level has become a point of resistance. Since November 9, bitcoin has been in a sideways trend, and experts believe that now there is a phase of consolidation, indicating the growth of bullish sentiment, writes Coindesk. Over the past three weeks, the fall in the price of bitcoin has become less deep, indicating a time of bullish sentiment . According to the chart, with a potential breakout of the rising channel, the bitcoin price will rise to the $40,000 mark.