Bitcoin Sell Off? 10k Resistance level? Market cap now larger than most S&P500 companies

in bitcoin •  7 years ago 

Bitcoin is charging through record highs (again.) Although hovering now around $9,500, it seems that we are way over due for a correction. Who is selling their BTC, and who is holding on for the long ride? Im thinking a dip to 6K in December, then to $11,500 BTC in January. Either way, I can feel the Kinetic energy and it will move one way or the other.

Screen Shot 2017-11-27 at 12.05.54 PM.png

Also, just for some perspective of growth in 2017, according to MarketWatch, the market cap of bitcoin is currently passing the values of major US companies such as General Electric as well as the vast majority of S&P 500 companies.

https://www.marketwatch.com/story/bitcoins-surge-makes-it-bigger-than-these-iconic-companies-2017-11-27?siteid=yhoof2&yptr=yahoo

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