Bitcoin ‘GOLD 2.0’ Overview: Last weeks close tested the Downward channel mid point, 7400 Resistance the inner downward channel top channel line and closed on top of the inner upwards channels lower trend line. The weekly price action has broken to the downside of the inner upward channel and respecting the inner downward channel at present. After 4 positive weeks the 6800-6900 area has a bit of resistance ahead of it looking at the previous candles from before the low from dec 2019. We are bearish is price comes down and tests the 6400 / 6100 support and closes here respecting the downward channel.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching the inner downward channel on the weekly chart
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,323,050 BTC
Approximate Bitcoin Left to Mine: 2,676,950 BTC
Road to 21,000,000 Bitcoin Mined: 87.25%
Approximate Days Until Halving: 27-28 Days
Daily
Current Price: $6846 USD
Daily Change %: -1.06%
Market Cap: $125,674,135,340.00 USD
24 Hour Volume: $38,776,566,283 USD
Population of the World: ~7,777,594,000+ humans
Bitcoin/World Population: ~ 0.002355876380279 Satoshi’s / $16.12 per person
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
GOLD: $1716.90 USD -27.89 -1.60% Gold has fallen $27 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 5,000 Bitcoin ($34,275,503 USD) transferred from Bitfinex ➡️ Unknown Wallet
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching the inner downward channel on the weekly chart
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,323,050 BTC
Approximate Bitcoin Left to Mine: 2,676,950 BTC
Road to 21,000,000 Bitcoin Mined: 87.25%
Approximate Days Until Halving: 27-28 Days
Daily
Current Price: $6846 USD
Daily Change %: -1.06%
Market Cap: $125,674,135,340.00 USD
24 Hour Volume: $38,776,566,283 USD
Population of the World: ~7,777,594,000+ humans
Bitcoin/World Population: ~ 0.002355876380279 Satoshi’s / $16.12 per person
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
GOLD: $1716.90 USD -27.89 -1.60% Gold has fallen $27 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 5,000 Bitcoin ($34,275,503 USD) transferred from Bitfinex ➡️ Unknown Wallet
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.
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.