Bitcoin Safe Spot > 10k, Price Action Back In Upward Channel
Bitcoin ‘GOLD 2.0’ Overview: Lovely push off 9500 support back into 10148 at time of typing. Even though a break of the upward channel occurred yesterday and we noted we’d leave it there for more market conformation. This is a lesson for traders out there to realise that certain areas are subjective and at the end of the day just because you draw some lines on the chart doesn’t mean it actually will respect that area. Moving on, Today we are above that magnetic zone, In favour of the bulls:
Back in upward channel
Above 10,000 whole number
10,000 also acts as support
Price has been here before recently
May test the Double Top again
We will let todays price action unfold to dictate the Bias. Bitcoin is a volatile beast we could close below 10k also on this nail channel.
Support Levels: 10000 Now acts as support as Bitcoin has pushed back through
Resistance Levels: 10400-10500 is the next major resistance level
Channel of Interest (marked with the yellow channel box) As spoken yesterday we left this structure in place and market moved back within.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 62.4%
Approximate Bitcoin in Circulation: 18,224,875 BTC
Approximate Bitcoin Left to Mine: 2,775,125 BTC
Road to 21,000,000 Bitcoin Mined: 86.79%
Approximate Days Until Halving: 82-84 Days
Daily
Current Price: $10093 USD
Daily Change %: -3.96%
Market Cap: $180,573,330,750.00 USD
24 Hour Volume: $46,514,008,982 USD
Population of the World: ~ 7,765,331,360+ humans
Bitcoin/World Population: ~ 0.002346953936039 Satoshi’s / $23.68 USD per person
Trading Quote
“A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” - Martin Schwartz
GOLD: $1,601 USD +18.73 +1.18% Gold has risen $18 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨6,000 Bitcoin ($58,383,678 USD) transferred from unknown wallet ➡️ Bitfinex
Back in upward channel
Above 10,000 whole number
10,000 also acts as support
Price has been here before recently
May test the Double Top again
We will let todays price action unfold to dictate the Bias. Bitcoin is a volatile beast we could close below 10k also on this nail channel.
Support Levels: 10000 Now acts as support as Bitcoin has pushed back through
Resistance Levels: 10400-10500 is the next major resistance level
Channel of Interest (marked with the yellow channel box) As spoken yesterday we left this structure in place and market moved back within.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 62.4%
Approximate Bitcoin in Circulation: 18,224,875 BTC
Approximate Bitcoin Left to Mine: 2,775,125 BTC
Road to 21,000,000 Bitcoin Mined: 86.79%
Approximate Days Until Halving: 82-84 Days
Daily
Current Price: $10093 USD
Daily Change %: -3.96%
Market Cap: $180,573,330,750.00 USD
24 Hour Volume: $46,514,008,982 USD
Population of the World: ~ 7,765,331,360+ humans
Bitcoin/World Population: ~ 0.002346953936039 Satoshi’s / $23.68 USD per person
Trading Quote
“A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” - Martin Schwartz
GOLD: $1,601 USD +18.73 +1.18% Gold has risen $18 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨6,000 Bitcoin ($58,383,678 USD) transferred from unknown wallet ➡️ Bitfinex
