Why is Bitcoin price up today? By Cointelegraph

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is up today, rising over 5% with a sharp upward candle that sent the price to a September high of over $26,500 after hitting a three-month low. Bitcoin (BTC) reaching over $26,000 was seen as a key level for traders and analysts.

Bitcoin price chart. Source: TradingView

Let’s look into the reasons why Bitcoin’s price is up today.

BTC balance on exchanges. Source: CoinGlass
Bitcoin liquidation data. Source: CoinGlass
Bitcoin short vs. long ratio. Source: CoinGlass
Bitcoin Fear and Greed Index. Source: Alternative