Still a way down for those holding. I haven't been in Bitcoin for a while but alts will fall in tandem.
This blue channel is where I believe we may finally see support. This would have BTC revert back to before the exponential climb in price. Would not be surprised if price dips below before stabilizing in this channel.
Red channel is the old support. The ~$414B total market cap neckline referenced in an earlier post. It will probably become a resistance level for a little bull trap/dead cat bounce.
This blue channel is where I believe we may finally see support. This would have BTC revert back to before the exponential climb in price. Would not be surprised if price dips below before stabilizing in this channel.
Red channel is the old support. The ~$414B total market cap neckline referenced in an earlier post. It will probably become a resistance level for a little bull trap/dead cat bounce.