Bitcoin Retraces from Daily Highs, But Holds Above Key Support Level

Bitcoin and the aggregated crypto markets incurred an explosive rally yesterday evening that sent BTC’s price skyrocketing from lows of $7,400 to highs of well over $10,000, which marked one of the largest movements that the cryptocurrency has incurred in the past decade.
Analysts are now noting that Bitcoin has been able to hold above a key support level despite retracing significantly from its daily highs, and they are also noting that it may dip slightly lower before continuing to exten