Analysts Expect Bitcoin to Drop Towards $7,300 After Failing to Stabilize Above $8,0006.4

Bitcoin and the entire crypto markets incurred some volatility over the weekend that allowed BTC to climb to highs of nearly $8,300 yesterday before quickly reeling back down to below $8,000.

Today’s drop further confirms that Bitcoin isn’t quite ready to stabilize within the $8,000 region and may signal that a further pullback to $7,300 is necessary before the crypto incurs enough buying pressure to propel it higher.

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