Bitcoin ‘GOLD 2.0’ Overview: We’ve had a break to the upside and thus far very little movement from the daily open. As the heading of todays writeup stipulates we are watching price action above this inner downward channel top trend line. The fact that the bulls pushed the market to over 7000 is a good sign although as stated yesterday we are ramming I not the mid point of the overall downward channel. The close of this candle is important to see what picture it paints. Until this we are waiting as the downward channel is still intact until a close above transpires.
Also interesting to see Gold drop and Bitcoin rise.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price above the HIGHLIGHTED inner downward channel upper trend line.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64%
Approximate Bitcoin in Circulation: 18,329,725 BTC
Approximate Bitcoin Left to Mine: 2,670,275 BTC
Road to 21,000,000 Bitcoin Mined: 87.28%
Approximate Days Until Halving: 23-25 Days
Daily
Current Price: $7078 USD
Daily Change %: -0.51%
Market Cap: $129,774,453,000.00 USD
24 Hour Volume: $42,759,640,445 USD
Population of the World: ~7,778,336,240+ humans
Bitcoin/World Population: ~ 0.002356509725787 Satoshi’s / $16.67 per person
“No wise pilot, no matter how great his talent and experience, fails to use his checklist.” – Charlie Munger
GOLD: $1694.97 USD -25.43 -1.48% Gold has fallen $25 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,455 Bitcoin ($24,518,857 USD) transferred from OKEx ➡️ Unknown Wallet
Also interesting to see Gold drop and Bitcoin rise.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price above the HIGHLIGHTED inner downward channel upper trend line.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64%
Approximate Bitcoin in Circulation: 18,329,725 BTC
Approximate Bitcoin Left to Mine: 2,670,275 BTC
Road to 21,000,000 Bitcoin Mined: 87.28%
Approximate Days Until Halving: 23-25 Days
Daily
Current Price: $7078 USD
Daily Change %: -0.51%
Market Cap: $129,774,453,000.00 USD
24 Hour Volume: $42,759,640,445 USD
Population of the World: ~7,778,336,240+ humans
Bitcoin/World Population: ~ 0.002356509725787 Satoshi’s / $16.67 per person
“No wise pilot, no matter how great his talent and experience, fails to use his checklist.” – Charlie Munger
GOLD: $1694.97 USD -25.43 -1.48% Gold has fallen $25 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,455 Bitcoin ($24,518,857 USD) transferred from OKEx ➡️ Unknown Wallet
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.