Analyst: Bitcoin Could Surge to $5,000 if $3,500 Holds as Support6.2

Bitcoin has experienced a relatively volatile week, trading between lows of $3,550 and highs of $3,750. This choppy trading has given analysts more guidance as to what trading range Bitcoin is currently caught in, which also signals where the cryptocurrency may be heading in the near future.

One analyst now believes that BTC’s ability to maintain above the $3,500 region is allowing it to gear up for an upwards move towards $5,000.

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