Bitcoin Breaks $19,000: Why Analysts are Concerned of a 30%+ Pullback

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Bitcoin and the entire cryptocurrency market have been caught in the throes of an intense uptrend throughout the past few days Bulls have been aggressively propelling the cryptocurrency higher, with BTC now pushing past its key $19,000 resistance level The selling pressure here has proven to be quite intense, making the firm break above this level technically significant If the cryptocurrency can hold above $19,000 for an extended period of time, it could be a sign that upside is imminent for the token One trader is now noting that there is one reason for concern, with one key level potentially acting as a magnate that will spark a 30%+ dip Bitcoin and the aggregated crypto market are in a clear and firm bull market. Sellers have been unable to control its recent trend, with it only facing a few fleeting pullbacks. The fact that each dip is met with such…

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