BTC Rockets to nearly 8,400 before retracement 5/26
We're watching more of that iconic volatility show itself today as Bitcoin has reclaimed a key resistance level near 8,400 dollars US. Extreme volatility after a protracted contraction seems to be a key indicator of the digital currencies robust potential and we can expect more bullish inflection points as the summer heats up. With world equities markets losing steam in the last few days and international trade tensions reaching all-time highs, cryptos are sure to be a high-pressure nozzle to put out the fires now starting across the world. The short term depth chart indicates a strong buy wall near 8300, showing initial support for the new short term high. There is a strong sell wall near 8500 in the short term. If we continue to trade within that range for the overnight hours..... STRAP IN CRYPTONAUTS! TO THE MOON!