The post Why is Bitcoin up Today? Michael Saylor Happened ! appeared first on Coinpedia Fintech News
Bitcoin had fallen to a danger zone between $56,600 and $52,500 on September 5. Last time this happened, Bitcoin touched $49,000 twice in one day on August 5.The recent fall of BTC under $56,600 caused huge tension in the market, as September is very notorious for being a red month for the largest cryptocurrency. However, on September 9, it suddenly took a jump and shocked the market. Let’s explore all the answers to why this happened.
TradingView
Chart Showing Momentum
In the last 24 hours, the market cap of the cryptocurrency ecosystem has increased by 2.51% and reached $2.09T. The price of BTC suddenly took a surge of around 6.52% and by passing Moving average 20 and 50. However, MA 100 did not let it pass; it dropped by 2.5% to retest the nearest support zone around $56,600. The RSI is showing a bullish momentum and recorded at 61 points. Fear and Greed index, that w
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