Bitcoin Likely to Retest Highs as Bulls Erase Yesterday’s Losses

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Bitcoin is seeing some immense strength today as its price rallies past $15,000 once again The cryptocurrency has been struggling to hold above this level after it faced an intense influx of selling pressure at $16,000 The rejection here wasn’t too intense, however, as Bitcoin’s latest pullback was short-lived and followed by immense upside Where it trends next will likely depend largely on how strong of support bulls can build at $15,000 If it breaks below this level again, it could indicate that a trend reversal is imminent One well-respected trader is now noting that he is watching for a move to $15,600 in the near-term, also expecting altcoins to see further strength Bitcoin and the aggregated cryptocurrency market are rallying higher today, with BTC leading the way following its rebound from lows of $14,400 set at the peak of the latest selloff. Buyers are aggressively buying each dip that…

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