Bitcoin (BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run. Despite extremely positive on-chain data and fundamentals, BTC price movement disappointed the market throughout the weekend and beyond, as a lack of momentum prevented it from reaching $50,000. Major resistance, now solidified on exchanges at $51,000 and above, remains firmly in place, and analysts say the outlook remains muted until this level is turned to support. “We clearly said that $51,000 is the barrier that Bitcoin has to break beyond,” says Cointelegraph contributor Michael van de Poppe.