Bitcoin surprised the market by crossing the $60,000 mark on September 14, marking a significant 15% rise. This is the second instance Bitcoin has breached this price level after being rejected at $65,500 on August 26.
Despite this achievement, Bitcoin remains trapped between the earlier price and $60,800, a resistance level it failed to overcome.
Market analysts are divided on whether this uptrend signifies the beginning of a prolonged bull run or just a temporary surge.