Bitcoin dips below $42K as new forecast says breakout ‘most probable outcome’ for BTC price

Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome.

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

Buying another dip

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours on Jan. 14.

The pair had topped $44,450 on Bitstamp before the retracement kicked in, this seeing local lows of $41,780.

While disappointing for those hoping that the worst of the pullback was over, analysts…

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