Bitcoin holds key level for retesting the previous critical $12,000 level after facing rejection below this level earlier. After failing to hold above this level, the asset dropped by just over $2,000 in the upcoming days as we are reading more in the following Bitcoin news. At the lows, bitcoin traded for over $9800 which marks trading $2,200 below the local highs of the year-to-date highs at $12,500. Bitcoin could make another run at the $12,000 level but analysts are saying that the leading cryptocurrency will be cleared to go higher above this level if it manages to complete the…