Bitcoin hit new month-to-date lows of $27,240 on Bitstamp on April 4 following rumors that Binance CEO Changpeng Zhao (CZ) was wanted by Interpol. However, the rumors lacked evidence and markets rebounded, with Bitcoin now trading above $28,000. Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, stated that the trend for Bitcoin remains upwards, and he predicts that it will continue to $40,000, with $30,000 as a target. Fellow trader Crypto Tony also remained upbeat, stating that he sees no short hedges unless Bitcoin closes solidly below the equilibrium level of the current range at $27,700.
(By WILLIAM SUBERG)
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