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

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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