Analyst: Despite Dropping Below $8,000, Bitcoin Still Looks “Amazing”

After surging towards $8,300 yesterday, Bitcoin has incurred increased selling pressure that has forced it to retreat back into the $7,000 region, putting its recently formed upwards momentum in jeopardy.

Despite this, while looking at the cryptocurrency over a one-week time period, one analyst describes Bitcoin’s price action as looking “amazing,” which may mean that further gains are imminent.

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