Bitcoin price is back above $ 42k

Bitcoin (BTC) started rising to 43,000 on September 29.

BTC / USD (Bitstamp) 1-hour candlestick chart. Source: TradingView

BTC fell below $ 41,000 again

According to data from Cointelegraph Markets Pro and TradingView, the BTC / USD pair rose slightly after testing $ 40,000 last night.

On the other hand, investors are warning that there is not much improvement in the overall market.

Investor and analyst Rekt Capital, in his latest Twitter post “BTC is improving slightly today, but the macro situation is still bad: Bitcoin is still below its 21-week exponential moving average,” he summarized.

“BTC Needs to Cross $ 43,600 to Regain Bullish Momentum.”

BTC / USD 1-week candlestick chart (Bitstamp) showing the 21-week EMA. Source: TradingView

If Bitcoin breaks this level, it will have risen to just over $ 43k, the minimum monthly close suggested by PlanB, the creator of the stock flow model.

In macro markets, Thursday is eagerly awaited as US lawmakers will vote on the $ 1 trillion infrastructure law, which is also closely related to the cryptocurrency market.

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