BTC Recovers to $62K Days After Black Monday...Traders Bullish on the Market"

Cointelegraph cites multiple analysts as saying, "Bitcoin has recovered $62,000 in the days since Crypto black monday. Futures traders are adjusting their positions and are bullish." On-chain analyst Matthew Hyland said in a video released via X: "Bitcoin has broken above $61,000 and is forming a long-bottomed consolidation. Structurally, the BTC bull run is likely just beginning." "This is probably the most impressive bear trap (fake pullback) in the crypto market so far," said crypto trader Byzantine General. BTC futures traders are 51.44% long and 48.56% short over the past 24 hours, according to CoinGlass data. On CoinMarketCap, BTC is trading down 0.68% at $61,269.28.