Following the “Crypto Black Monday” market volatility, Bitcoin has returned to $62,000, indicating that traders are seeing a positive trend on its seven-day price chart. In just a few days, some analysts are predicting that Bitcoin has reached a bottom, which could pave the way for potential upward movement.

Crypto investor Matthew Hyland emphasized in his August 8 analysis video about Bitcoin breaking above $61,000: “Bitcoin is forming a green weekly candle with a big wick.” He noted that this trend is likely to develop into a “big bullish hammer” on the weekly chart, hinting that Bitcoin’s bottom may have already formed.

Market Sentiment After Short-Term Reversal
On August 8, Bitcoin rose to almost $62,510 before falling back to $61,068, a 12.46% increase from the day before. The August drop, the first below $50,000 since February, is thought to be a bear trap, with experienced investors selling their assets and temporarily lowering the price, thus trapping short holders.

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“What a strange week. This could be the best bear trap I’ve ever seen,” a trader known as Byzantine General wrote on the X platform. “There has been a shift in attitude among futures traders; they are now clearly long, accounting for 52.48% of the market, according to CoinGlass data.

Future Prospects Still Divided
While there is strong momentum, not all analysts believe Bitcoin has reached its bottom. Some are concerned that there could be additional downside developments ahead of the next major rally. Markus Thielen, Head of Research at 10x Research, commented on the optimal timing of the next bull market entry on August 7, stating that Bitcoin prices should fall to $40,000. Timothy Peterson, founder of Cane Island Alternative Advisors, suggested that both $40,000 and $80,000 are equally plausible price ranges over the next sixty days.

FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAILED.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.