Bitcoin begins correction after $45K rejection — Where can BTC price bounce next?

Bitcoin (BTC) gave back $2,500 of its newly-won gains during Feb. 8 as a long-awaited correction took center stage. 

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

Hopes $42,000 will be preserved

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared $43,000 after previously hitting new multi-week highs of $45,500.

At the Wall Street open, ranging continued as bulls eyed levels for potential support in the event of further losses.

Previously, these had


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