Since we have broken that major psychological barrier of $10k, where is the next stop on the downward roller coaster? where will the stand take place?
I think there will be a battle at $8.8k, just looking back at previous S/R lines 8.8 seems to be pretty significant. That said I don't think it will end there. More often than not after large spikes like nov/dec there will be correction, where does it correct to? the is my guess. I think we will see a slow reversal at around $7800 and begin to make a slow recover to the .
IMO this is a good thing, things that grow over night rarely last the test of time in this world and if crypto is to take a strong foot hold then btc needs to grow at a steady pace rather that living as a volatile entity.