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On Thursday, the broader crypto market continued its upside momentum despite the U.S. equity markets experiencing downside corrections. As of the time of writing, BTC has established a strong foothold above the $42k support zone. The number one cryptocurrency by market cap is currently consolidating in the upper region of the $42k range after posting a 2.2% gain from 24 hours ago, and looks poised to test the overhead resistance at the $43.3k - $43.5k range. A clear breakout above said resistance zone would likely usher in another round of rallying momentum for BTC. On the flip side, BTC could also move down to test support near the $42.3k level if it fails to clear the resistance zone.