These Key Factors All Point to an Imminent Bitcoin Rally: Analyst Claims

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It has been a turbulent past day for the crypto markets, with Ethereum and most other major digital assets all seeing intense selloffs yesterday Bitcoin was able to avoid seeing any intense decline, with buyers ardently defending its price from breaking below $23,000 The buying pressure here has proven to be quite intense and may continue bolstering its price action for the days and weeks to come One analyst is also noting that its mid-term price action may be bolstered by a few key technical factors that he has noticed A combination of BTC’s market dominance uptrend, as well as its recent strength, does seem to suggest that upside is imminent in the days to come Bitcoin and the rest of the crypto market have been caught in the throes of an intense bout of consolidation throughout the past few days. The selling pressure within the lower-$24,000 region has stopped…

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