Bitcoin has the Potential to Form a Powerful Reversal if It Can Break This Key Level

After breaking beneath the support that had been established at $5,000 yesterday, Bitcoin bulls have now been able to propel the cryptocurrency past a key support region, leading it to once again find itself caught within a bout of sideways trading around $5,200.
Although both bulls and bears appear to have reached an impasse, it now seems as though there is a bullish undercurrent that could lead Bitcoin to surge higher in the near-term.
This comes as the crypto begins forming what appears to be