Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years.
Cointelegraph contributor and market analyst Michaël van de Poppe recently said that Ether's (ETH) break above $3,500 could be a leading indicator for Bitcoin's next bull run, and now that Ether trades at $3,700, traders anxiously await BTC's next move.
Bears were also caught by surprise
Incentives are in place for bulls to try to break $50,000
Continue Reading on Coin Telegraph
![Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches](https://d1-invdn-com.investing.com/content/pic4e2bcd56cf8ea8037c71fae6c1e76bdb.jpg)