Bitcoin ‘GOLD 2.0’ Overview: After 4 days of daily opens near the 6800 mark we see price has respected the downward channel upper trend line, rejected and stabilised around near candle open. For bulls to come in a show strength they need to break this inner downward channel upper trend liner and move up to the mid point of the larger channel, at about 7300 for todays pricing or at the very least close above 7050 by tomorrow.
However price looks to be getting squeezed within the channel and a break of the previous low at 6550 and a test of the support at 6400 will will change this structure to a downward movement. Right now bulls can save it.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: If we get a break above the inner downward channel price may flicker between it and the mid point of the larger downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,325,200 BTC
Approximate Bitcoin Left to Mine: 2,674,800 BTC
Road to 21,000,000 Bitcoin Mined: 87.26%
Approximate Days Until Halving: 25-27 Days
Daily
Current Price: $6846 USD
Daily Change %: —0.35%
Market Cap: $125,454,319,200.00 USD
24 Hour Volume: $34,156,931,396 USD
Population of the World: ~7,777,827,315+ humans
Bitcoin/World Population: ~ 0.002356082136802 Satoshi’s / $16.13 per person
“When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.” – Mark Douglas
GOLD: $1716.90 USD -27.89 -1.60% Gold has fallen $27 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 716 Bitcoin ($4,948,473 USD) transferred from Coinbase ➡️ Unknown Wallet
However price looks to be getting squeezed within the channel and a break of the previous low at 6550 and a test of the support at 6400 will will change this structure to a downward movement. Right now bulls can save it.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: If we get a break above the inner downward channel price may flicker between it and the mid point of the larger downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,325,200 BTC
Approximate Bitcoin Left to Mine: 2,674,800 BTC
Road to 21,000,000 Bitcoin Mined: 87.26%
Approximate Days Until Halving: 25-27 Days
Daily
Current Price: $6846 USD
Daily Change %: —0.35%
Market Cap: $125,454,319,200.00 USD
24 Hour Volume: $34,156,931,396 USD
Population of the World: ~7,777,827,315+ humans
Bitcoin/World Population: ~ 0.002356082136802 Satoshi’s / $16.13 per person
“When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.” – Mark Douglas
GOLD: $1716.90 USD -27.89 -1.60% Gold has fallen $27 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 716 Bitcoin ($4,948,473 USD) transferred from Coinbase ➡️ 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.