Plan for Correction as Crypto Market Falls Below $100 Billion

While cryptocurrencies have been experiencing sharp gains, they will reverse direction at some point,
you must set up stop loss orders to liquidate positions in certain cryptocurrencies should these digital assets suffer an "abrupt crash",
a crash is likely. The attention alternative asset protocols have gained lately have highlighted some of this overconfidence,

Bitcoin is close to hitting a price that could see a 47 % correction,
On Thursday, bitcoin hit an all-time high of $2791.70, marking a 180 percent rally year-to-date.

Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex.

when look at historical trading patterns to determine future price moves, the $2,800 could mark a level of resistance where the bitcoin pulls back. Bitcoin was as little as $9 off of that price on Thursday morning.