Bitcoin Corrects Gains; Why Short-Term Dips Could Be Attractive

Bitcoin has risen beyond the $42,000 barrier level in relation to the US dollar. BTC is retracing its gains, although it may find support at the $40,000 mark.
Bitcoin’s climb continued, as it now trades over the $42,000 barrier level.
The price is now trading over $40,000 as well as the 100 hourly simple moving average.
On the hourly chart of the BTC/USD…