Bitcoin at Risk of Reversing Upwards Momentum as Bears Fight Back

After making a strong attempt to break above $8,000 yesterday, Bitcoin (BTC) lost the momentum that it had been gaining over the past couple of days and has begun to descend back down towards the lower-$7,000 region.
The cryptocurrency’s inability to break above $8,000 has led analysts to conclude that BTC could be at risk of reversing its recent uptrend, meaning that significantly further losses could be imminent.
Bitcoin Loses Momentum as Bears Defend $8,000 Resistance
At the time of wri