After the acquisition of a pointy sell-off last night, Bitcoin bulls stepped up to the plate and were able to propel the crypto into the lower-$8,000 regions. This latest bout of volatility more confirms the notion that the upper-$7,000 regions may be a bastion of support for BTC.
Importantly, this value action conjointly allowed the cryptocurrency to create an optimistic formation that usually precedes semipermanent bottoms. Though it’s vital that BTC extends its upward momentum within the near-term so as for this notion to be confirmed.
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