Prominent Analyst Believes Bitcoin is Ready to Target Higher Prices

After incurring an influx of buying pressure yesterday, Bitcoin has been able to sustain its upwards momentum and has not faced any notable retrace in the time since its recent surge, which may point to growing strength amongst BTC’s bulls.

One prominent cryptocurrency analyst is now noting that he anticipates BTC to see further upside in the near-term, with an initial target existing at roughly $8,400, which he expects to be visited in the coming few hours.

Bitcoin Stable Around $8,200 Following Yesterday’s Climb

At the time of writing, Bitcoin is trading down marginally at its current price of $8,250, which marks a slight surge from its recent lows of $7,900 that were set last week, and BTC’s ability to surge from this price level further confirms it as a notable support region that may ultimately prove to be a long-term bottom.

Over the past several weeks, BTC has consistently found significant resistance within the mid-to-upper $8,000 region, which makes its response to this…