Bitcoin tried to break through the $44,300 resistance area, but failed. However, BTC is now building momentum for short-term growth, according to analysts at the Kooperbit exchange.
Bitcoin (BTC) strengthened significantly, reaching $44,544 (red icon) in the process. This high was formed inside the $44,300 resistance area.
Although as Kooperbit reports, BTC was unable to make a bullish breakout of this resistance, yesterday’s closing price was the highest since the beginning of the current bullish move (if you exclude the wick high of $45,821). The fact that the price is steadily strengthening and closing at that level are bullish signals.
A breakout of this resistance could appreciably accelerate the pace of further growth.