Bitcoin Hits $5,600 in a Monumental Rally From Technical Perspective, What’s Ahead?

Bitcoin Hits $5,600 in a Monumental Rally From Technical Perspective, What’s Ahead?

Bulls, it’s been a minute. Over the past few hours, Bitcoin (BTC) has begun to rally again, pushing past $5,400, $5,500, and even $5,600 (albeit briefly) after nearly a week of mundane stagnation. While this move seems to be just another Monday pump, which could be deemed not significant by some, this unexpected bump is monumental from a technical analysis perspective.

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