Bitcoin Holds Support Near $43K as Rally Pauses
The cryptocurrency is down 3% in the last 24 hours.
Initial support around $48K could stabilize the pullback.
Upside momentum is strengthening on daily and weekly charts, which suggests buyers are in control.
Bitcoin’s 30% rally over the past month appears to be exhausted.
Buyers will likely remain active on pullbacks into the weekend.
Bitcoin will need to remain above $40,000-$42,000 in order to resume the uptrend towards $50,000-$55,000.