Crypto Total Market Cap Review
110B 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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