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

Cointelegraph

Published Apr 02, 2022 06:30AM ET

Updated Apr 02, 2022 12:40PM ET

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

BTC/USD 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:TWTR)
Bitcoin Reserve Risk chart. Source: LookIntoBitcoin

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