Bitcoin rejected after attacking $42K as trader says BTC price impulse move not ‘done yet’

Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment.

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

Bitcoin should flip $41,000 to support 

Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support.

Friday’s unexpected gap upward initially resulted in misgivings over a price “fakeout,” but…


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