Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?

Bitcoin went through an impressive rally from last week’s FOMC meeting, when it dipped below $75,000, to May 6, when it surged to almost $83,000 for the first time since late January. After gaining roughly $8,000 in less than a week, though, the bears stepped up and pushed it south by over three grand. According to Ali Martinez, this means that BTC has slipped below a crucial support. Below $80.3K In a blog pos…