Here’s Why Bitcoin May Surge to $8,400 Despite Perceivable Weakness

Bitcoin’s massive upwards momentum that was first incurred when BTC bounced from its recently established lows of $6,400 has begun showing signs of faltering, as buyers have been unable to maintain the momentum as bears ramp up the selling pressure.
It is important to note that one technical indicator is flashing a sign that BTC may climb as high as $8,400 in the near-term, but analysts still remain skeptical that the ongoing downtrend is anywhere close to ending.
Bitcoin Continues Inching