Bitcoin price is up today, rising over 3% with a sharp upward candle that sent the price to $27,300. The Bitcoin price increase today set a one-week high and reflects a 4% gain for the month of September.
Liquidations could be sending Bitcoin price higher
Coinciding with Bitcoin’s rally, the BTC supply on exchanges continues to remain below the Sept. 4 monthly peak. Exchanges have shed over 40,000 Bitcoin since that monthly peak.