Analysts Concur Bitcoin Must Hold $8,200 to Sustain Rally, Here’s Why

The crypto markets have incurred some downwards pressure today after Bitcoin (BTC) was once again unable to climb into the upper-$8,000 region without incurring any significant selling pressure.
The bitcoin price has shown high volatility in the past week in a tight range (source: coinmarketcap.com)
Bitcoin’s inability to gain a foothold within the upper-$8,000 region appears to have put the entire market’s upwards momentum at risk, and analysts are now noting that it is critical tha