Bitcoin ($BTC) Breaches $50K For First Time Since September 7, Here's Why $55K is not Far

Bitcoin’s ($BTC) price breached $50,000 for the first time since September 7 marking the bullish start to “Uptober.” The top cryptocurrency rose by nearly 6% over the past 24-hours to break out of the four-week-long consolidation phase under $50K. September repeated history with a bearish month where the top cryptocurrency along with the rest of the market lost more than 20% of its valuation since the start of the month.