Larry Fink, CEO of BlackRock, dropped a bombshell saying he changed his mind about Bitcoin. That might have also influenced BTC recent price movement.

Bitcoin's price held steady above $63,000 on July 15. This came after a weekend rally. The cryptocurrency gained 3.5% in a day. It's up 10% since Friday.

Traders are eyeing further gains. Some analysts believe the downtrend is over. Peter Brandt, a veteran trader, sees a potential bullish pattern forming.

"Bitcoin could be unfolding its often-repeated Hump...Slump...Bump...Dump...Pump chart construction," Brandt said on social media. He added that bears might be trapped. A close below $56,000 would negate this view.

Rekt Capital, another popular analyst, was more confident. "The Bitcoin Downtrend is over," he declared. Some traders are drawing parallels with post-halving price action in previous cycles.

Henrik Zeberg, an economist at Swissblock, chimed in. "The final phase of the BlowOffTop has begun!" he exclaimed. Zeberg pointed to a bullish divergence in the relative strength index.

But it's not just chart watchers getting excited. Larry Fink, CEO of BlackRock, dropped a bombshell. In a CNBC interview, he admitted to changing his mind about Bitcoin.

"I was a skeptic. I was a proud skeptic," Fink confessed. "And I studied it, learned about it, and I came away saying, 'OK, you know, my opinion five years ago was wrong.'"

Fink now believes Bitcoin is "legitimate". This is a big deal. BlackRock, the world's largest asset manager, runs the biggest spot Bitcoin ETF by assets.

Eric Balchunas, a Bloomberg ETF analyst, weighed in. He stressed the significance of Fink's endorsement. "Buy in from BlackRock - as well as other legacy firms like Fidelity - gives boomer advisors comfort and cover to make the allocation," Balchunas noted.

The crypto world is buzzing. With big names jumping on board, Bitcoin's future looks brighter than ever. But as always in crypto, expect the unexpected. This rollercoaster ride is far from over.