Bitcoin Price Prediction: BTC Closes In On $50,000 But Is The Uptrend To $55,000 Viable?

• Bitcoin price held support at the 50-day SMA on Monday, prompting bulls to retake control for gains above $55,000.
• A daily close above $55,000 might validate the uptrend to $55,000, but delays are expected in the hurdle between $52,000 and $53,000.

Bitcoin is on the verge of a breakout above $50,000 for the first time since September 6. On Monday, the largest cryptocurrency by market capitalization managed to crack through the supply zoned discussed around $48,000. At writing, BTC trades at $49,400 amidst a bullish building momentum for gains eyeing $55,000.