May 21st Market Update -
The massive rally across the market last night means Bitcoin closed its biggest daily gain in 2 months! A close above the 2021 ATH ($692k) is significant as it has been acting as a key support/resistance flip level in this range. I want to see what happens on any retest of this level to see if we have support here. A good reaction from this level will give us confidence that we are likely to push to a new ATH quickly. Resistance is currently at $715k which was a big daily resistance level in March and April. Exciting times!
Coins showing volatility this morning: ONE, PEOPLE, WOO.