BTC price recovered $42,000 due to infrastructure bill voting, Bitcoin’s month is coming to an end

Bitcoin (Bitcoin) Fell to $43,000 on Wednesday, September 29, as the “macro dilemma” kept the bulls on their toes.

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

BTC fell below $41,000 again

Data from Cointelegraph Markets Pro with Transaction view After retesting $40,000 overnight, BTC/USD moved slightly higher.

After multiple explorations of the $40,000 mark, the currency pair has shown potential strength, but on Wednesday, traders issued a broader warning with little real improvement.

Trader and analyst Rekt Capital stated: “BTC is enjoying some recovery today, but the macro dilemma remains the same: it is still slightly below the 21-week EMA Summarize In his latest Twitter update.

“This week BTC needs to manage to recover approximately $43,600 in order to build up the bullish momentum BTC generated after it fell to approximately $40,000 last week.”

BTC/USD 1-week candlestick chart (Bitstamp) and 21-week exponential moving average (EMA). Source: TradingView

This level will put Bitcoin slightly above $43,000″The worst situation”Its monthly closing price, the forecaster PlanB’s price Reiterate The game is still in progress this week.

Localization event, that is, the main exchange Binance stopped withdrawal and trading for two hours Regular maintenanceAt the same time, it has little effect on spot price trends.

In terms of macro clues, Thursday is still the day when US legislators vote. controversial After the initial deadline was extended, the $1 trillion “Infrastructure Act.”

Binance Coin cashing out altcoin trends

Altcoins remained stable that day, and ether (Ethereum) Indifferent at just under $3,000.

related: As the price of Ethereum once again fell below $3,000, signs of fear appeared

Only Binance Coin (Bitcoin) Any significant changes occurred in the top 10 cryptocurrencies by market capitalization, which rose by 7% after the maintenance period was completed.

As Cointelegraph Report On Monday, altcoins will show a downward trend against Bitcoin to cyclical lows in the next few months, and then make a comeback in 2022.