{"id":411840,"date":"2020-01-21T23:00:54","date_gmt":"2020-01-21T23:00:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=411840"},"modified":"2024-06-11T13:40:51","modified_gmt":"2024-06-11T13:40:51","slug":"the-fate-of-bitcoins-bull-market-rests-on-this-one-key-level","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/the-fate-of-bitcoins-bull-market-rests-on-this-one-key-level\/","title":{"rendered":"The Fate of Bitcoin\u2019s Bull Market Rests on This One Key Level"},"content":{"rendered":"
Bitcoin (BTC) has been caught within a firm bull market throughout 2020, which has allowed the cryptocurrency to garner some notable momentum that led it to climb from year-to-date lows of $6,800 to highs of $9,200.<\/p>\n
Although BTC has struggled to break above the lower-$9,000 region, it is important to note that the cryptocurrency has been able to hold above its key support levels, but bulls need to continue ardently defending these near-term support levels if the crypto is to see any further upwards momentum.<\/p>\n
One prominent analyst is now noting that one of these key levels exists at $8,472, and that a daily close beneath this level could mean that the bull market has been invalidated.<\/p>\n
Bitcoin Struggles to Gain Momentum After This Weekend\u2019s Drop<\/strong>\u00a0<\/strong><\/h2>\n