Bitcoin trader 'sees $50K shortly' as BTC price erases 20% ETF dip

BTC price wastes no time in accelerating toward the $50,000 mark as Wall Street trading gets underway — but some Bitcoin analysts remain cautious.

Bitcoin (BTC) sought new two-year highs at the Feb. 12 Wall Street open amid fresh optimism over institutional buying.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action passing $49,000.

The prior daily close saw the highest levels in a month as bulls initially held their own, managing $48,800 before a retracement took the market $1,000 lower in the coming hours.

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