The strong pullbacks after a big rally are common in BTC. I would not be surprised of a 10-12% pullback.
This one would be reasonable because:
1. That level of 30.8K coincides with the Monthly CPR levels for November, and usually BTC touches these levels historically, every month.
2. come back to one the weekly supports (established by using Heikin Ashi)
3. The 0.382 retracement is around that area as well.
This one would be reasonable because:
1. That level of 30.8K coincides with the Monthly CPR levels for November, and usually BTC touches these levels historically, every month.
2. come back to one the weekly supports (established by using Heikin Ashi)
3. The 0.382 retracement is around that area as well.