HomeMarketsBTC price Re-tests $50K

BTC price Re-tests $50K

September turns out to be anything but boring for Bitcoin as shorts lose big on a fresh move above the $50,000 mark.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23.

After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the time of writing. Local highs topped $50,300 on Bitstamp.

Bitcoin Showing Further Signs of a Bull-Run

“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update.

“Welcome back to $50,000 BTC,” fellow analyst Rekt Capital added.

Source: CoinTelegraph: William Suberg