Stock headwinds contrast with a lack of short sellers to produce an array of forecasts on where Bitcoin price action may head next.
Bitcoin (BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMelt-up or breakdown?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in the range defined in recent days without significant downside pressure.Circling $44,000, traders were mostly preoccupied with a potential retracement, this having the potential to wipe out practically all recent progress.”Now that we are at monthly resistance we may see a pullback. Even if we do, a higher low to 38K–40K would be “healthy” followed by continuation to 50K+ and a reclamation of our monthly resistance after which point, I’ll have my sights set on a new ATH,” Credible Crypto argued on Twitter.The
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