Bitcoin Wave Eyed Over $2.2M

Bitcoin (BTC) has been on a roll in recent days, with a 24-hour gain of 1.91% and a weekly increase of 22.75%. At press time, BTC is trading at around $21,162.63. One trader was able to capitalize on BTC's recent rally by turning a $167,000 investment into over $2.2 million. Technical indicators on Bitcoin's chart suggest that there is enough bullish support to overcome the current resistance level at $21,132.28, but if the price cannot break this level, it may drop to the support level at $20,170.04 or even fall below $20,000. However, it is important to keep in mind that cryptocurrency markets are highly volatile and past performance is not necessarily indicative of future results.