Crypto Market Status — 16th May

Most tokens take a breather after yesterday's pump.

The daily and hourly charts are showing strong bullish signals, with no bearish signs on the daily chart and 17 bullish indicators.

However, it's crucial for $BTC and #altcoins altcoins to confirm this breakout. Ideally, we'd see a small pullback that gets quickly bought up, pushing prices even higher.

For #bitcoin , breaking through the upper resistance around $67,500 is key. If this fails, the $56,000 level could come into play faster than many expect.

Stay tuned for some juicy signals throughout the day...