Bitcoin ‘GOLD 2.0’ Overview: Back down at 9600 into todays open bouncing off 9300. Take note of the price action as we are making lower highs on the daily chart, if this continues for the week this will weaken the buyers strength and momentum. For the mid term price action if we were to break 9100 then the bulls have totally lost control. From our previous day posts we talked a lot about the upward channel, this is still in affect and price can push back up to recover this price action into that safe area. If the cable for today closes lower into the wick from 9200-9500 the bears have more control
Support Levels: 9500 is support after this large 10% move to the downside
Resistance Levels: 10000 turns back into the Resistance area
Circle of Interest (marked with the yellow circles) Double top is still in play. Remember the rejection at the price action to have what we’re seeing now
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 62.7%
Approximate Bitcoin in Circulation: 18,226,825 BTC
Approximate Bitcoin Left to Mine: 2,773,175 BTC
Road to 21,000,000 Bitcoin Mined: 86.79%
Approximate Days Until Halving: 81-83 Days
Daily
Current Price: $9583.1 USD
Daily Change %: -5.89%
Market Cap: $175,532,456,493.05 USD
24 Hour Volume: $46,916,305,314 USD
Population of the World: ~ 7,765,572,900+ humans
Bitcoin/World Population: ~ 0.002347132044823 Satoshi’s / $22.49 USD per person
Trading Quote for the LEVERAGE TRADERS after this last drop
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” - Randy Mckay
GOLD: $1,609.60 USD +2.20 +0.14% Gold has risen $2 USD within the day.
Support Levels: 9500 is support after this large 10% move to the downside
Resistance Levels: 10000 turns back into the Resistance area
Circle of Interest (marked with the yellow circles) Double top is still in play. Remember the rejection at the price action to have what we’re seeing now
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 62.7%
Approximate Bitcoin in Circulation: 18,226,825 BTC
Approximate Bitcoin Left to Mine: 2,773,175 BTC
Road to 21,000,000 Bitcoin Mined: 86.79%
Approximate Days Until Halving: 81-83 Days
Daily
Current Price: $9583.1 USD
Daily Change %: -5.89%
Market Cap: $175,532,456,493.05 USD
24 Hour Volume: $46,916,305,314 USD
Population of the World: ~ 7,765,572,900+ humans
Bitcoin/World Population: ~ 0.002347132044823 Satoshi’s / $22.49 USD per person
Trading Quote for the LEVERAGE TRADERS after this last drop
“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” - Randy Mckay
GOLD: $1,609.60 USD +2.20 +0.14% Gold has risen $2 USD within the day.
