Bitcoin Bulls Just Defended a Critical Level That Could Spark an Explosive Movement

Bitcoin appears to have entered a firm bout of sideways trading in the time following its recent volatility – which led the cryptocurrency to plummet from highs of $8,000 to lows of $3,500, before climbing back up to the mid-$5,000 region.
Analysts are now noting that the resolution to the cryptocurrency’s ongoing bout of rangebound trading could be what determines whether or not its recent lows will mark a long-term bottom, or if further downside is imminent.
Bulls have been able to