Bitcoin Price Has 8 Hours to Close Above Crucial $5,500 Level: Why It’s Important

Bitcoin has had a tough week, to say the least; after peaking at $9,200 on Saturday, the cryptocurrency started a precipitous decline, falling through support level after support level as if they were irrelevant.
Indeed, at the crash’s worst on Friday morning, the cryptocurrency had reached a price as low as $3,800 (or $3,200 on some trading pairs/swaps), easily breaking through every single relevant level for Bitcoin up to that point.
Despite this, bulls have a chance to recover a key mov