Bitcoin: Despite Failing to Stay Above $5,600, BTC May be Ready to Continue Surging Higher8.4

Bitcoin incurred a significant amount of buying pressure yesterday that allowed it to surge past $5,600, which instantly made many investors and analysts alike to flip bullish on the cryptocurrency. Despite this, BTC was unable to hold support at this price level and has since fallen into the $5,400 region.

Now, one analyst believes that Bitcoin is close to being ready to form another leg up, on the condition that it is able to garner a strong buying reaction if it is to dip into the $5,300 region.

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