Here’s what traders now expect as the price of Bitcoin has climbed back up to $ 50,000 By Cointelegraph

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Here’s what traders now expect as the price of Bitcoin has climbed back to $ 50,000

There was widespread celebration in the crypto ecosystem on August 23 after seeing (BTC) above $ 50,000 sparked a resurgence of calls for the first cryptocurrency to reach $ 100,000 before the end of 2021.

Data Cointelegraph Markets Pro and TradingView shows that the morning bullish momentum that took the price of BTC to an intraday high of $ 50,514 started to fade as the day progressed, with the price currently trading slightly above 49 , $ 0.

1 day chart. Source: TradingView
1 day graph. Source: Twitter

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