Bitcoin is now trading in the range of $44,000-$46,000 on smaller time frames. BTC need to hold this support and bounce from here. If BTC breaks this range than we see more downward movement. The resistance area are $46,000 and $47,400.
The total market cap is now at $2 trillion support. If this support broken then the next major support area is $1.75 and must hold point for this bull run. We may see a bounce from the $2 trillion support. Also BTC is at support of $44,000. Bitcoin need to bounce from here otherwise market will bleed more. We will get a clear picture by this weekend.
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