This “Make or Break” Level Must Be Defended or Bitcoin Could See a Nasty Selloff

Bitcoin has found some stability within the lower-$6,000 region over the past couple of days, with its recent rally to highs of $6,900 resulting in a relatively strong rejection that has called into question the strength of its recent uptrend.
Although BTC has been able to climb significantly from its recent lows within the $3,000 region, it is important to note that many analysts are now noting that the benchmark cryptocurrency appears to be in a precarious position.
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