Bitcoin Rebounds Off of Key Support Level as Analysts Eye Upside

Bitcoin saw a sharp overnight decline that came about following a period of immense strength This sent the token reeling down to the $18,000 level, which has long been strong support for the cryptocurrency Where it trends next will depend largely on whether or not it can continue holding above the support it has found at this key price level One trader is pointing to just how aggressively this dip was bought, which indicates that it may be positioned to see significantly further near-term upside Where it trends in the days and weeks ahead will depend largely on its upcoming weekly candle close Bitcoin has been flashing some signs of immense strength throughout the past few days and weeks, with buyers trying to take control of its price action as bears show their first signs of vitality seen in weeks. The coming few days should provide some serious insights into…

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