However, the good news was short-lived as the start of Wall Street trading saw the return of characteristic selling pressure across crypto markets.
Bitcoin thus fell to $82,400 before consolidating, at the time of writing, circling the daily open.
In his latest market observations, popular trader and analyst Rekt Capital saw reason for cautious optimism on BTC price performance.
“The latest Bitcoin Daily Close means that price has began the process of exiting its recently filled CME Gap after turning it into support,” he told X followers, referring to the difference between session closing and opening levels on CME Group’s Bitcoin futures — a common short-term price influence.