Total Market Cap potential paths.
BEAR: A long squeeze of the parabolic Bitfinex longs could be a catalyst for a drop to next support regions. 160B and 180B, assess the buy volume at each level and momentum indicators.
BULL: A possible 'breakout' of the downtrend channel would provide some relief for #CRYPTO and the liquidity provided by breakout and FOMO traders would make this a great spot to unload large positions accumulated at current level and those who never exited from higher up.
BEAR: A long squeeze of the parabolic Bitfinex longs could be a catalyst for a drop to next support regions. 160B and 180B, assess the buy volume at each level and momentum indicators.
BULL: A possible 'breakout' of the downtrend channel would provide some relief for #CRYPTO and the liquidity provided by breakout and FOMO traders would make this a great spot to unload large positions accumulated at current level and those who never exited from higher up.