Analyst: Bitcoin (BTC) Likely to Continue Surging to 5,500, But Significant Pullback is Imminent

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After yesterday’s monumental price surge that led Bitcoin to surge from the low-$4,000 region and past $5,000, there has been a lot of noise as to whether or not this move confirms the end of the persisting bear market – and if so, whether or not BTC will begin moving towards its late-2017 highs of nearly $20,000.Although embattled investors are understandably anxious for the persisting bear market to be over, one prominent cryptocurrency analyst explained that he believes Bitcoin will continue pushing towards $5,500 before it incurs a significant amount of selling pressure that pushes it back into the $4,000 region.Bitcoin Maintains Upwards Momentum After Yesterday’s Price SurgeAt the time of writing, Bitcoin is trading up over 6% at its current price of $5,015, up from its 24-hour lows of $4,700. Yesterday’s price surge came on the heels of Monday’s surge that sent BTC from roughly $4,200 to above $4,800,…

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