Bitcoin Rally Stalls Despite Bullish Market Structure

Bitcoin (BTC) incurred a sudden influx of buying pressure yesterday that sent its price surging past its previous resistance levels and allowed it to gain a more solid footing within the $8,000 region. This movement proved to be highly bullish for the aggregated crypto markets, as multiple major altcoins posted notable gains.
Analysts are now noting that BTC currently has a bullish market structure but are also noting that it may first need to dip back towards $8,300 before it is able to gain en