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Crypto Market on the Cusp of Massive Rally, This Indicator Shows

Bitcoin’s strong bounce at its key near-term support level at $7,700 has provided relief to the aggregated crypto market from yesterday’s immense selling pressure, allowing multiple major altcoins to push up against or break above their key near-term resistance levels.

In the near-term, it does appear that many altcoins could be poised to start rallying, with the ideal market conditions stemming from Bitcoin finding firm footing within the $8,000 region.
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