Bitcoin Just Surged 10% to $5,800: Here’s What Traders Think Is Next

After a brutal showing last week that saw Bitcoin fall 50% in a 24-hour time span, bulls are mounting a comeback. Over the past four hours, the cryptocurrency has rallied approximately 10% to a price as high as $5,900, surging from the $5,400 base where it spent a majority of Tuesday and Wednesday.
The asset’s rally comes as traditional markets, specifically the American stock market (indices S&P 500, Dow, etc.), have started to mount a recovery after a brutal start to the week. In fac