Bitcoin (BTC) Attempts to Reclaim Crucial $44,000 Level
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BeInCrypto –
After increasing considerably since Sept 21, Bitcoin (BTC) is in the process of reclaiming the $44,000 horizontal area.
BTC is trading inside the upper portion of a descending parallel channel, from which a breakout is likely. However, it’s also facing short-term resistance.
BTC attempts to reclaim support
On Sept 22, BTC created a bullish engulfing candlestick after bouncing at the 0.5 Fib retracement support level at $40,800.
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