Bitcoin swiftly erased its month-to-date losses as volatility returned to ultimately favour the bulls. The pair continued a rebound which had begun the day prior, with markets shaking off initial nerves from United States legal action over Binance and Coinbase. In so doing, Bitcoin recovered all of its lost ground, returning to its previous trading range focused just below $27,000. “Back to $27K. Great bounce from the 200-Week MA. Time to start the new uptrend to $38-42K on Bitcoin,” Michaël van de Poppe, founder and CEO of trading firm Eight, responded. Bitcoin has retested 200-week moving average as support – The post Bitcoin Veteran Maintains Bull Market Confidence as BTC Price Soars 8% appeared first on Cryptoknowmics-Crypto News and Media Platform .
