After a relative calm, the price of Bitcoin resumed its growth on February 15th. Today, the BTC/USD pair managed to return above the 43000 and 44000 levels. At the time of publication, the BTC/USD pair is trading in the area of 44300.
The current price increase has allowed the BTC/USD pair to return above the 100-hour moving average again. This also allowed the pair to consolidate above the support level of 42800 and form support in the area of 43500.
To continue rising, the BTC/USD pair should overcome the mark of 44850. This will allow it to continue moving towards the area of 45500.
It is also important to stay above 43800 now. Otherwise, the pair may return to bearish correction. In this case, we will see a decline to the area of 43500 and further to the support of 43200. The next major support is near the level of 42850 (recent break zone).
