Bitcoin price jumps 12% in 7 days as $50k predictions gain speed

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Bitcoin [BTC] has been steadily moving upward in terms of its value over the last few day. will BTC touch $50,000 soon?

has been steadily moving upward over the last few days. The bullish price action has allowed the king coin to move above quite a few notable levels, most recently the $47,000 mark.

At the time of writing, BTC was trading at $48,380.51 with a market capitalization of over $949 billion. The Chaikin Money Flow also registered a sharp uptick, indicating that the king of crypto’s price might rally further. However, a few indicators told a different story.

 

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