Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels

After hovering around the $8,000 region for an extended period of time, Bitcoin has been able to garner some hints of bullishness as its buyers have pushed its price up over 3%. This latest surge further confirms the upper-$7,000 region as a strong level of support for BTC.
Analysts are noting that today’s surge pushed BTC past multiple key technical levels that had previously been suppressing its price, which may mean that it is positioned for significantly further gains in the near-term.