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Analysts say Bitcoin price ‘needed a breather’ before chasing new highs Cointelegraph via biedex.markets

Analysts say Bitcoin price ‘needed a breather’ before chasing new highs

The high-flying optimism generated earlier this week when (BTC) and altcoin prices rose was tempered on Thursda as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more than a dead cat bounce.

Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling pushed the price of Bitcoin to a low of $43,752, and at the time of writing, bulls are struggling to pull the price back to $45,000.

4-hour chart. Source: TradingView

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