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Analysts Concur Bitcoin Must Hold $8,200 to Sustain Rally, Here’s Why

The crypto markets have incurred some downwards pressure today after Bitcoin (BTC) was once again unable to climb into the upper-$8,000 region without incurring any significant selling pressure.

Bitcoin’s inability to gain a foothold within the upper-$8,000 region appears to have put the entire market’s upwards momentum at risk, and analysts are now noting that it is critical that BTC holds above $8,200 in the near-term, or else significantly further losses may be imminent.

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