Bitcoin Rebounds Open Yearly As Trader Says $50K Next Week ‘Might Be Likely’ According to Cointelegraph

Bitcoin Recovery Opens Yearly As Trader Says $50K Next Week ‘Likely Likely’

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

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

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

The chart is annotated BTC/USD. Source: Michaël van de Poppe / Twitter (NYSE:)
Bitcoin reserve risk chart. Source: LookIntoBitcoin