Bitcoin Turns Bearish, How Low Will The Pullback Go This Time?3.2

The Bitcoin rally is running out of steam it seems. A bearish candle closing below $8,200 has been a signal for further losses and, as expected, they came pretty quickly.

For the second time over the past seven days markets have fallen back instead of heading higher indicating that a correction is imminent. Bitcoin’s bearish close on the day does not bode well for future gains and analysts are mostly in agreement that $8,200 is a key level to hold over the next 24 hours to maintain momentum.

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