Bitcoin price surge worries traders

From asiatimes.com

The price of bitcoin price has increased by 26% within the past two days, rising from sub-$5,000 to as high as $6,400 across major crypto exchanges. But, several top traders are not optimistic in the short-term, Cryptoslate reported. Many technical analysts have anticipated the bitcoin price to surge past the $6,000 resistance level after a major sell-off to $3,600. The $6,200 to $6,300 area has remained as one of the key resistance levels since early March. If the bearish market structure of bitcoin continues, there exists a strong possibility that the entire move to the mid-$6,000 could be a large bull trap, ... (full story)