After a significant rebound following a retest of the $31,000 mark on Sunday, Bitcoin managed to hit $40,000 earlier Wednesday (UTC). However, it failed to penetrate through the stiff resistance at $40,000-$42,000 and lost momentum. It dropped to then hover above the $38,000 support level. At the time of writing, the price of Bitcoin is changing hands at $36,000 (on Bitwells).