/USD surged to a peak of $29,121.97 earlier in today’s session, following a low of $27,217.17 the day before.
This move has pushed bitcoin to its highest point in the last seven-days, when it was trading above $30,000.Overall, the surge in price comes as bulls rejected a breakout below a long-term support point at $27,000 on Tuesday. The relative strength index also bounced from a floor of its own at the 44.00 mark, and is now tracking at 54.09.
A ceiling of 55.00 will likely act as a checkpoint for bulls, and should they move beyond this, there is a strong possibility that
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