Bitcoin rebound hits $45.5K as focus switches to future support retests

Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency’s comeback continued.

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

$40,000 becomes popular retest target

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating.

Volatility was once again in evidence as the pair fluctuated by $1,000 on intra-hour timeframes, circling $44,800 at the time of writing.

Fears of…


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