Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin.
Bitcoin has reclaimed the crucial $60,000 price level for the first time since Aug. 30, and the increasing interest from institutional participants signals this time around is unique, according to a crypto analyst.
“This time is different,” crypto analyst Rajat Soni wrote in a Sept. 13 X post. Soni explained that Bitcoin (BTC) has been “consolidating above” $50,000 for over six months.
However, the last time it was above $50,000 was in 2021, when interest in the asset was mainly from retail investors. He noted:
