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Bitcoin holding $9,550 will be essential for bulls; here’s why

Unless you’ve been hiding under a rock, you know Bitcoin has been doing exceedingly well over the past few weeks. The cryptocurrency has bounded past key resistance levels in the $7,000s, $8,000s, and $9,000s, surging some 50 percent higher since the bottom established in mid-December.

Although this appreciation has already blown the proverbial socks off investors across the board, a leading analyst says that Bitcoin could soon rocket even higher, drawing attention to a crucial price level the asset must maintain in the coming weeks to fuel an even greater upward thrust.