BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations
September turns out to be anything but boring for Bitcoin as shorts lose big on a fresh move above the $50,000 mark. Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23.
After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the time of writing. Local highs topped $50,300 on Bitstamp. As Cointelegraph reported, $51,000 remains the level to beat in order to cement a continuation of the 2021 Bitcoin bull run. Heavy resistance remained at that level Thursday, with analysts waiting to see if the latest uptick had the momentum required to change the longer-term paradigm.
“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update. “Welcome back to $50,000 BTC,” fellow analyst Rekt Capital added.
Short traders lost out heavily from the upside, liquidations hitting almost half a billion dollars in the past 24 hours.
Not so boring after all
As Cointelegraph noted, September tends to be a "boring" month when it comes to Bitcoin returns, with 6% currently the best performance on record. Price forecasts take account of the anomaly, with the popular "worst-case scenario" series from stock-to-flow model creator PlanB calling for a $43,000 minimum monthly close.
The statistician's August monthly close prediction, $47,000, was exactly on point. October, he calculates, should close at a minimum of $68,000 — a new all-time high.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.2% | 23 | $64 628.67 | 0.98% | 1.82% | $1 272 549 046 711 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72.8% | 51 | $3 159.06 | 0.71% | 3.24% | $385 557 858 196 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.999642 | 0.02% | -0.08% | $110 423 991 962 |  |
|
| 4 |  BNB |
Binance Coin predictions | 84% | 20 | $616.20 | 2.01% | 12.14% | $90 944 101 922 |  |
|
| 5 |  SOL |
Solana predictions | 64.4% | 71 | $146.66 | -2.12% | 4.60% | $65 562 976 868 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 2 | $1.000055 | 0% | 0.02% | $33 247 081 720 |  |
|
| 7 |  XRP |
XRP predictions | 67.6% | 62 | $0.529978 | -1.38% | 5.39% | $29 217 248 301 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 70.4% | 60 | $0.152266 | -0.82% | 1.05% | $21 931 506 577 |  |
|
| 9 |  TON |
Toncoin predictions | 64.8% | 66 | $5.52 | -1.85% | -14.48% | $19 156 571 239 |  |
|
| 10 |  ADA |
Cardano predictions | 64.4% | 72 | $0.473390 | -1.24% | 4.30% | $16 868 730 809 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 60% | 82 | $0.000026 | -0.37% | 14.49% | $15 274 775 352 |  |
|
| 12 |  AVAX |
Avalanche predictions | 67.6% | 68 | $35.87 | -3.04% | 2.84% | $13 565 953 763 |  |
|
| 13 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  TRX |
TRON predictions | 83.6% | 21 | $0.117105 | 2.77% | 7.54% | $10 254 777 324 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 84.4% | 19 | $0.116747 | 2.69% | 7.49% | $10 223 468 554 |  |
