Bitcoin price recovered further above $43,500 but struggled near $44,500. BTC is correcting gains and might test the $42,150 support zone.
Bitcoin recovered above the $43,500 resistance and remained in a positive zone.
The price is trading below $44,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $44,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline toward the $42,150 and $42,000 support levels.
Bitcoin Price Holds Support
Bitcoin price started a recovery wave above the $43,200 resistance zone. BTC even broke the $43,500 resistance zone to move further into a positive zone.
There was a decent upward move, but the bears were active near the $44,500 resistance zone. It faced rejection near the 76.4% Fib retracement level of the downward move from the $45,913 swing high to the $39,500 low. A high was formed near $44,784 and the price is now correcting gains.
There was a move below the $4
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-rejection-44500/
