Bitcoin Breakdown:Resistance Rejected, In Inner Downward Channel
Bitcoin ‘GOLD 2.0’ Overview: After yesterday testing 7400 resistance, the outer downward channel, the inner upward channel and the inner downward channel we see the price has broken downwards. For now we will delete the apex triangle as has been broken however leave the inner upward channel as price could rise, retest and settle back within, thus consolidation or a heavier move looks to be at play.
Over the weekend we suspect that price will stay within the bounds of the inner downward channel. The previous support of 6400 is the next major support from the 18th Dec 2019 low. A key area if price tests above current levels is the mid point of the larger downward channel. Which coming into the halving could play a major role.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Apexed and broke to the downside. Price now back into the inner downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,317,188 BTC
Approximate Bitcoin Left to Mine: 2,682,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.22%
Approximate Days Until Halving: 31-33 Days
Daily
Current Price: $6920 USD
Daily Change %: +0.65%
Market Cap: $126,487,506,562.50 USD
24 Hour Volume: $44,050,145,483 USD
Population of the World: ~7,776,941,102+ humans
Bitcoin/World Population: ~ 0.00235532039651 Satoshi’s / $16.29 USD per person
“The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face”. - Mark Cuban
GOLD: $1688.78 USD -47.42 -2.73% Gold has fallen $47 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 2,500 Bitcoin ($17,280,210 USD) transferred from Binance ➡️ Unknown Wallet
Over the weekend we suspect that price will stay within the bounds of the inner downward channel. The previous support of 6400 is the next major support from the 18th Dec 2019 low. A key area if price tests above current levels is the mid point of the larger downward channel. Which coming into the halving could play a major role.
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Apexed and broke to the downside. Price now back into the inner downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.2%
Approximate Bitcoin in Circulation: 18,317,188 BTC
Approximate Bitcoin Left to Mine: 2,682,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.22%
Approximate Days Until Halving: 31-33 Days
Daily
Current Price: $6920 USD
Daily Change %: +0.65%
Market Cap: $126,487,506,562.50 USD
24 Hour Volume: $44,050,145,483 USD
Population of the World: ~7,776,941,102+ humans
Bitcoin/World Population: ~ 0.00235532039651 Satoshi’s / $16.29 USD per person
“The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face”. - Mark Cuban
GOLD: $1688.78 USD -47.42 -2.73% Gold has fallen $47 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 2,500 Bitcoin ($17,280,210 USD) transferred from Binance ➡️ Unknown Wallet
