It is “Paramount” That Bitcoin Holds Above $12,000 Or a Significant Drop Could Ensue

After incurring some bullish buying pressure yesterday, Bitcoin has failed to advance past $13,000 and is now nearing the lower-$12,000 region. Today’s drop created a bloodbath in the aggregated crypto markets, sending many altcoins reeling down 10% or more.

Now, one prominent analyst who called today’s drop is noting that it is critical that Bitcoin holds strong above $12,000, or its newfound bullish momentum could be placed in jeopardy.

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