Bitcoin (BTC) traders may be overjoyed following the recent 35 percent surge, but bearish need not be too concerned because a similar breakout occurred in mid-July, and the price failed to maintain the $40,000 support. On June 8, bitcoin fell to $31,000 before rebounding to $41,000 six days later. FUD about miners' migration from China, as well as Binance's move to seek regulatory license, might keep the price down.