Bitcoin Returns Above $43K; Resistance Near $45K-$48K

Bitcoin Returns Above K; Resistance Near K-K
Bitcoin (BTC) buyers are attempting to reverse a short-term downtrend on the charts.Over the past two weeks, price action has been anchored around the $40,000 support level, which is where buyers previously stepped in ahead of the October price rally.Still, the cryptocurrency could face resistance around $45,000-$48,000 as intraday signals approach overbought territory.As of press time bitcoin was changing hands at $42,952, up 2.5% over the past 24 hours.The 100-day moving average on the four-hour chart is sloping downwards, indicating a declining price trend over the past month. A decisive break above $43,000 could signal a positive trend shift on…