Bitcoin (BTC) is currently taking a breath and trading sideways after incurring massive buying pressure over the past couple of days that sent it surging into the $9,000 region, where it set fresh year-to-date highs.





This upwards momentum confirms that Bitcoin is currently in a firm uptrend, and analysts are now noting that the cryptocurrency could surge significantly higher in the near future, based on a historical analysis.





Bitcoin Stabilizes in Lower-$9,000 After Recent Surge





At the time of writing, Bitcoin is trading up 2% at its current price of just below $9,300, up significantly from 24-hour lows of roughly $8,800.





While looking at BTC over a one-week period, it becomes abundantly clear that the cryptocurrency’s bulls are currently in full control, as it has been able to surge from lows of $7,800 to highs of over $9,300.

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