BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
Why make a complicated analysis of it? It is just the people taking profits because they think that it will have a correction sooner because of the rally in the previous days. There is a buyer exhaustion already in which there are no buyers anymore taking the price higher so it is bound to fall and consolidate and some are accumulating again to prepare for a rally again later on. It happen many times before and there is a possibility it will drop more because of some famous personality making an anti-bitcoin statement again to spread fear, uncertainty and doubt to newbies who has the tendency to panic sell more than the people who are already in the community for a long time.