Friday, April 16, 2021

Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs By Cointelegraph

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Bitcoin value hits $50K after bullish outlook from Citigroup and Goldman Sachs

On March 1 cryptocurrency traders woke as much as the sight of (BTC) rising from it weekend correction to $44,000 because the market discovered its bullish momentum and altcoins rebounded from their swing lows.

Information from Cointelegraph Markets and TradingView reveals that the value of Bitcoin elevated 16.6% from its low of $43,504 on Feb. 28 to the $50,000 degree which bulls are trying to flip again to assist.

4-hour chart. Supply: TradingView
1-week chart. Supply: Twitter
Bitcoin Entity-adjusted NUPL. Supply: glassnode
Every day cryptocurrency market efficiency. Supply: Coin360