Bitcoin Retraces to $42,710 Support as Buyers Continue to Build Strength on Market Surge

The Bitcoin (BTC) price is holding above $42,710 after rising to a high of $45,400. In the last 48 hours, Bitcoin bulls made impressive progress as buyers encountered resistance at the $45,400 high. After the rejection, the BTC price fell back to a low of $42,710 and continued consolidating above the current support.