Analyst: Bitcoin (BTC) Likely to Pump Once More Before Significantly Retracing6.6

Bitcoin has been able to maintain nearly all of its recent gains it has incurred over the past week and has been able to maintain stability around its monthly highs of $5,300. This positive BTC price action has led to an influx of capital into other cryptocurrencies, generating gains that have led many analysts to declare the “Crypto Winter” over.

Despite the celebrations regarding the end of a long and arduous bear trend in the crypto markets, one prominent analyst believes that it is still too early to get excited, as Bitcoin may make one more large upwards push before hitting a significant resistance level that will lead to what he describes as a “significant retrace.”

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