Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum2.8

Save for news that Bitcoin (BTC) news publication CCN is shutting its doors, Monday was quiet for the crypto industry. But, BTC rallied anyway, quickly rushing past $7,800 and $8,000 in rapid succession during the wee hours of Monday morning.

Due to the strength of this sudden move, which came after days of relative weakness and non-action, optimists believe that BTC is ready to hit play, resuming its previous uptrend. There is a multitude of analysts, however, that are still on edge, waiting patiently for a pullback to even lower levels than $7,500.

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