Bitcoin “bearish narratives” should not get in the way of the broader picture, analysis says.
Bitcoin (BTC) returned above $66,000 on April 3 as market observers brushed off Silk Road BTC sales.
Data from Cointelegraph Markets Pro and TradingView tracked a modest BTC price recovery after lows of near $64,500 after the daily close.
These came amid news that the United States government had moved more than 30,000 BTC ($2.1 billion), which it confiscated from the defunct marketplace Silk Road on-chain, subsequently selling 2,000 BTC ($133 million).
