$BTC analysis update

20 May 2021

It exactly hits our last Support level and flies upwards quickly.

We've given support around $32,300 but heavy demand sitting at $30,000, so the market just traded below for a few moments and immediately spikes up.

Despite that, a large number of Bitcoin & stable coin inflow and outflow is going on which results in this heavy crash.

The daily strong level of resistance is at $41,423 - $43,634. 200EMA is also available as resistance there. Breaking and closing above will be considered as strong bullish movements continuation.