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Why is Bitcoin price up today?

Published 09/12/2023, 03:22 PM
Updated 09/13/2023, 11:40 AM
© Reuters
BTC/USD
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Bitcoin is up today, rising over 5% with a sharp upward candle that sent the price to a September high of over $26,500 after hitting a three-month low. Bitcoin (BTC) reaching over $26,000 was seen as a key level for traders and analysts.

Bitcoin price chart. Source: TradingView

Let’s look into the reasons why Bitcoin's price is up today.

BTC balance on exchanges. Source: CoinGlass
Bitcoin liquidation data. Source: CoinGlass
Bitcoin short vs. long ratio. Source: CoinGlass
Bitcoin Fear and Greed Index. Source: Alternative

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