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

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

Crypto seeing "spectacular" September

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as information technology crisscrossed the $l,000 barrier after returning to it for the showtime time in almost 2 weeks.

The largest cryptocurrency saw 4.v% gains on the day, these nonetheless beaten by three of the top 10 altcoins, which all managed over seven%.

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

"Break above 50k = 58-60k to follow. Sitting in a higher place 200D MA which is now acting equally support," Pentoshi summarized to Twitter followers.

"What is your price discovery program? Above those Highs 3x seems reasonable which is around 180k. You lot don't go make new ath'southward for 10% gains. Verge of breaking out into that concluding range."
BTC/USD scenario. Source: Pentoshi/Twitter

A $180,000 BTC price is a curious prospect for many and beats even the more optimistic $135,000 minimum target set by stock-to-flow creator PlanB for the terminate of 2022.

"September has been a spectacular month for Crypto thus far," beau trader Rekt Uppercase added.

Every bit Cointelegraph reported, the first 2 days of the month have assorted sharply with historical norms for September, which has ever been a lackluster calendar month for cryptocurrency markets.

Looking ahead, institutional reporting may serve to brand the coming weeks even more intriguing.

"A lot of large and important institutions bought bitcoin over the summertime," Mike Alfred, founding CEO at BrightScope & Digital Avails Data, noted.

"They will announce their purchases between September seven and November 19. Savour the fireworks."

Crypto pauses gains with Cardano at all-fourth dimension highs

Amongst altcoins, Cardano's ADA token and Ether (ETH) were likewise taking a break from bullish surges of their ain at the fourth dimension of writing.

Related: MicroStrategy stock flips bullish with MSTR a Bitcoin 'proxy' for institutional investors

ADA/USD had hit new all-time highs earlier in the day, while ETH/USD neared $3,800 — its highest level since May.

As Cointelegraph highlighted this week, Polkadot's DOT is existence tipped as the next altcoin to see major gains.