Bitcoin and the aggregated crypto markets have been on an explosive upwards surge over the past several weeks, with BTC surging to fresh year-to-date highs while many altcoins catch the tailwinds of its upwards momentum.<\/p>\n
Although many traders are closely watching for another pullback before entering into fresh long positions, one prominent analyst believes that BTC may surge to over $8,000 in the near-future before incurring any significant pullback that constitutes a correction.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up over 12% at its current price of $7,800, up significantly from its daily lows of $6,900 which were set yesterday after Bitcoin dropped due to facing increased selling pressure around $7,500.<\/p>\n Although yesterday\u2019s drop to below $7,000 led many traders to believe that the cryptocurrency\u2019s upwards momentum<\/a> was in jeopardy, the drop acted as fuel that allowed the crypto markets to continue surging to set fresh year-to-date highs.<\/p>\n Over a seven-day trading period, BTC is trading up from lows of $5,700, and is currently showing few signs of hitting any significant levels of resistance around its current price levels, which may signal that a further surge is imminent.<\/p>\n Josh Olszewicz, a popular analyst on Twitter, shared his thoughts on BTC\u2019s current price action in a recent tweet, explaining that Bitcoin currently has upside resistance at roughly $10k when looking towards the cryptocurrency\u2019s kijun line<\/a>.<\/p>\n \u201c1W $BTC kijun didnt hold as resistance. The only upside resistance left is cloud at 10k. Not saying it’ll happen, but probability of a cloud touch increases if kijun is breached. This entire move on the 1W is now much different than 2013\/2014\/2015,\u201d he explained.<\/p><\/blockquote>\n 1W $BTC<\/a><\/p>\n kijun didnt hold as resistance<\/p>\n the only upside resistance left is cloud at 10k<\/p>\n not saying it'll happen, but probability of a cloud touch increases if kijun is breached<\/p>\n this entire move on the 1W is now much different than 2013\/2014\/2015 pic.twitter.com\/Sunm5EfGvs<\/a><\/p>\n — #333kByJuly2025 (@CarpeNoctom) May 13, 2019<\/a><\/p><\/blockquote>\n\n