The 2017 Bitcoin 

BTC

$22,710

 bull run was led by retail traders, long-term crypto believers and Bitcoin whales. However, the tide turned in 2020 as institutional investors became the catalyst for the latest crypto bull run.

However, data compiled by JPMorgan Chase shows that retail traders have made a strong comeback in the first quarter of this year. JPMorgan analysts used data from Square and Paypal to determine that retail investors bought 187,426 BTC for Q1 2021, which is more than the institutional purchase of 172,684 BTC during the same period.

While this data may not be bulletproof, it gives a good overview of the underlying sentiment from both parties.

Recent data from CoinMarketCap showed that the total volume of crypto transactions from major South Korean crypto exchanges during a 24-hour period on Sunday was $14.6 billion, eclipsing the $14.5 billion handled by South Korea's Composite Stock Price Index on March 12.

While increased participation is a positive sign, a strong bull market also attracts several weak hands who dump their positions on every minor news and event. This could lead to increased volatility in the short term.

Let’s study the charts of the top-10 cryptocurrencies to spot the critical support and resistance levels that may attract traders.