Bitcoin Price Analysis: BTC slowly retraces from $44,000, looks to set higher low?

TL;DR Breakdown Bitcoin price analysis is bullish today.BTC/USD declined from $44,000 resistance.Bitcoin to set higher low today. Bitcoin price analysis is bullish today as a retracement from the $44,000 resistance was seen over the last 24 hours as bears look to set a higher low. Therefore, we expect reversal for BTC/USD and a push to set a higher high over the remainder of this week. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours, with the market leader, Bitcoin declining by 2.9 percent. Ethereum has seen even worse performance as it lost 4.55 percent, while the rest of the top altcoins follow ETH`s performance. Bitcoin price movement in the last 24 hours: Bitcoin retraces to set higher low BTC/USD traded in a range of $41,576.13 – $44,027.24, indicating mild volatility over the last 24 hours. Trading volume has increased by 8.67 percent and totals $31.75 billion, while the total market cap trades around $797.8 billion, resulting in market dominance of 42.47 percent. BTC/USD 4-hour chart: BTC set to reverse later today? On the 4-hour chart, we can see the Bitcoin price action looking to establish a higher low as bears are likely exhausted again. BTC/USD 4-hour chart. Source: TradingView Bitcoin price action has seen more downside over the second half of September. After a strong spike lower on the 21st of September, support was found around $41,000.  From ...