Bitcoin centers on $44K as BTC price MACD delivers long-awaited bull signal

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: TradingView

Melt-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…


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