Bitcoin surged 20% to twp-month high but analyst warns of possible new lows. BTC needs to push through resistance band for bullish outlook.

Bitcoin surged 20% to twp-month high but analyst warns of possible new lows. BTC needs to push through resistance band for bullish outlook.

Shawn Young, chief analyst at MEXC Research, said that the crypto market is giving Treasury's intervention 'more credit than it deserves.'