# Optimistic Sentiment Returns to Bitcoin

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Last modified: 2021-07-31

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By Paul Ebeling · 2021-07-31
Tags: Shayne Heffernan on Investments, Paul Ebeling, Bitcoin, Crypto, Bitcoin, Knightsbridge
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#bitcoin

$BTC.X

After spending most of the day in negative territory Friday, cryptocurrencies made a late surge with bitcoin hitting its highest mark since mid-May. 

Bitcoin is currently trading at 41,732.40 at press time and is up more than 15% over the past wk. 

Bullish sentiment has returned the Fibo sell-off in May and 2 months of consolidation above the 30,000 support mark

Key analysts are optimistic and expect buyers to remain active above the 50-Day MA, which is above 34,000 now.

Have a happy, healthy, prosperous weekend, Keep the Faith!

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