$10B blown off in a day. Thats a chunk of change right there.
But it was expected - hitting overhead Market Cap resistance and BTC price rejected at Oct 17 Monthly Breaker.
A retrace to 45-47 levels for BTC would put us in confluence with a retest of the $145B key Market Cap levels.
Bear (pardon the pun) in mind however, it is not unusual for BTC to have shallow retraces when it wants to go on a tear - if thats the case then range equilibrium is where market cap could settle.
A plop below $145B would indicate trouble ahead and the bears would be rubbing their paws at the prospect of that dream't of $2500 area for BTC.
But it was expected - hitting overhead Market Cap resistance and BTC price rejected at Oct 17 Monthly Breaker.
A retrace to 45-47 levels for BTC would put us in confluence with a retest of the $145B key Market Cap levels.
Bear (pardon the pun) in mind however, it is not unusual for BTC to have shallow retraces when it wants to go on a tear - if thats the case then range equilibrium is where market cap could settle.
A plop below $145B would indicate trouble ahead and the bears would be rubbing their paws at the prospect of that dream't of $2500 area for BTC.
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