Bitcoin regains yearly open as trader says $50K next week ‘might be likely’ By Cointelegraph


Bitcoin regains yearly open as trader says $50K next week ‘might be likely’

(BTC) consolidated above the 2022 yearly open on April 2 after a return to form briefly saw bulls reclaim $47,000.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $46,600 Saturday on the back of a clear bounce at long-term support.

BTC/USD annotated chart. Source: Michaël van de Poppe/ Twitter (NYSE:)
Bitcoin Reserve Risk chart. Source: LookIntoBitcoin