BTC price wastes no time in accelerating toward the $50,000 mark as Wall Street trading gets underway — but some Bitcoin analysts remain cautious.
Bitcoin (BTC) headed near new two-year highs at the Feb. 12 Wall Street open amid fresh optimism over institutional buying.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action sending the asset past $49,000.
The prior daily close saw the highest levels in a month as bulls initially held their own, managing $48,800 before a retracement took the market $1,000 lower in the coming hours.
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Source: https://cointelegraph.com/news/bitcoin-50k-shortly-btc-price-erases-etf-dip