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Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’

Bitcoin (BTC) made traders play a guessing game on Sep. 2 as $50,000 looked increasingly shaky as new support.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Crypto seeing “spectacular” September

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it criss-crossed the $50,000 barrier after returning to it for the first time in almost two weeks.

The largest cryptocurrency saw 4.5% gains on the day, these nonetheless beaten by three of the top ten altcoins, which all managed over 7%.

Against a largely positive background, traders were understandably bullish on Bitcoin’s prospects.

“Break above 50k = 58-60k to follow. Sitting above 200D MA which is now acting as support,” Pentoshi summarized to Twitter followers.

“What is your price discovery plan? Above those Highs 3x seems reasonable which is around 180k. You don’t go make new ath’s for 10% gains. Verge of breaking out into that last range.”

BTC/USD scenario. Source: Pentoshi/ Twitter

A $180,000 BTC price is a curious prospect for many, and beats even the more optimistic A $180,000 BTC price is a curious prospect for many, and beats even the more optimistic

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