BTC price reclaims $42K as infrastructure bill vote, monthly close loom for Bitcoin

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Bitcoin (BTC) trudged toward $43,000 on Wednesday, Sept. 29, as a “macro predicament” kept bulls on their toes.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging slightly higher after a fresh $40,000 retest overnight.

 

The pair had shown what could be underlying strength after multiple probes of the $40,000 mark, but on Wednesday, traders were warning more broadly, little had really improved.

 

“BTC is enjoying some recovery today but the macro predicament remains the same: It is still just below the 21-week EMA,” trader and analyst Rekt Capital summarized in his latest Twitter update.

“$BTC needs to manage to reclaim ~$43600 this week to build on the bullish momentum BTC generated after wicking into ~$40000 last week.”

 

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