Bitcoin Was Just Rejected at $7,500, and It Means Price Could See Bigger Pullback

Over the past few hours, Bitcoin (BTC) has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,350 after bulls failed to break through $7,500.
Analysts are currently divided over what this price action means for the crypto market: some say that it is indicative of a bullish breakout to the high-$7,000s or maybe even $8,000s in the coming