The high-flying optimism generated earlier this week when Bitcoin (BTC) and altcoin prices rose was tempered on Thursda as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more than a dead cat bounce.
Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling pushed the price of Bitcoin to a low of $43,752, and at the time of writing, bulls are struggling to pull the price back to $45,000.