Bitcoin Support Zone 1 Testing & Area Of Interest Stick
Bitcoin ‘GOLD 2.0’ Overview
A push down to test first level of support at 9530 has currently held with market looking to close and open around these levels. See point of interest for more details as price will range between these parameters.
Outer Perspective (Weekly Chart)
Inner upward channel is holding strong with price in the upper 3/4 zone. The weekly candle will look to close positive this week within the channel. This will have given Bitcoin 8 consecutive weeks in positive territory and momentum. With halving completing within next week price could challenge the highs and the trend line from the ATH.
Inner Perspective (Daily Chart)
The large sell wall at 10k was too strong for the buyers to push again and challenge to break through, with the fight subsiding bears pushed to zone 1 support. This will hold into the close of todays candle and the print will be above. However the next 24 hours play could break below and test 9400’s.
Area of Interest (4 Hour Chart)
Here’s a better view of the upward channel and a look at how price is repeating the boundaries. With 10k above price’s head the area of interest should hold price within its bounds (in orange). If Zone 1 support is to break then the lower their will be in play. With a new weekly opening tomorrow and the halving closing in this will make for some interesting price action.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9530
2nd Support Zone: 9000
3rd Support Zone: 8700
Resistance Levels:
1st Resistance Zone: 10100
2nd Resistance Zone: 10500
3rd Resistance Zone: 11500
Price Level Consideration
Approximate Days Until Halving: 1-2 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9585 USD
Daily Change %: -2.11%
Market Cap: $176,501,766,468.24 USD
24 Hour Volume: $71,117,138,386 USD
Population of the World: ~7,783,384,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360292515441 Satoshi’s / $22.62 USD per person
Overall
Approximate Bitcoin in Circulation: 18,371,063 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,628,938 BTC
Road to 21,000,000 Bitcoin Mined: 87.48%
Current Bitcoin Dominance: 67.98%
Biggest Bitcoin Transaction of the Day**
1.🚨5,000 Bitcoin ($48,653,072 USD) transferred from Bitfinex ➡️ Unknown Wallet
2.🚨2,864 Bitcoin ($27,959,908 USD) transferred from OKEx ➡️ Unknown Wallet
3. 🚨2,500 Bitcoin ($24,098,255 USD) transferred from Unknown Wallet ➡️ OKEx
Largest Cryptocurrency Transaction Today:
🚨🚨63,104,000 USDT ($63,192,021 USD) transferred from Unknown Wallet ➡️ Binance🚨🚨
Gold***: $1702.22 USD -$13.00-0.76%
BGR: 5.3
Silver***: $15.49 USD +$0.18 +1.15%
*📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames.
**What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire.
*** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin.
A push down to test first level of support at 9530 has currently held with market looking to close and open around these levels. See point of interest for more details as price will range between these parameters.
Outer Perspective (Weekly Chart)
Inner upward channel is holding strong with price in the upper 3/4 zone. The weekly candle will look to close positive this week within the channel. This will have given Bitcoin 8 consecutive weeks in positive territory and momentum. With halving completing within next week price could challenge the highs and the trend line from the ATH.
Inner Perspective (Daily Chart)
The large sell wall at 10k was too strong for the buyers to push again and challenge to break through, with the fight subsiding bears pushed to zone 1 support. This will hold into the close of todays candle and the print will be above. However the next 24 hours play could break below and test 9400’s.
Area of Interest (4 Hour Chart)
Here’s a better view of the upward channel and a look at how price is repeating the boundaries. With 10k above price’s head the area of interest should hold price within its bounds (in orange). If Zone 1 support is to break then the lower their will be in play. With a new weekly opening tomorrow and the halving closing in this will make for some interesting price action.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9530
2nd Support Zone: 9000
3rd Support Zone: 8700
Resistance Levels:
1st Resistance Zone: 10100
2nd Resistance Zone: 10500
3rd Resistance Zone: 11500
Price Level Consideration
Approximate Days Until Halving: 1-2 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9585 USD
Daily Change %: -2.11%
Market Cap: $176,501,766,468.24 USD
24 Hour Volume: $71,117,138,386 USD
Population of the World: ~7,783,384,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360292515441 Satoshi’s / $22.62 USD per person
Overall
Approximate Bitcoin in Circulation: 18,371,063 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,628,938 BTC
Road to 21,000,000 Bitcoin Mined: 87.48%
Current Bitcoin Dominance: 67.98%
Biggest Bitcoin Transaction of the Day**
1.🚨5,000 Bitcoin ($48,653,072 USD) transferred from Bitfinex ➡️ Unknown Wallet
2.🚨2,864 Bitcoin ($27,959,908 USD) transferred from OKEx ➡️ Unknown Wallet
3. 🚨2,500 Bitcoin ($24,098,255 USD) transferred from Unknown Wallet ➡️ OKEx
Largest Cryptocurrency Transaction Today:
🚨🚨63,104,000 USDT ($63,192,021 USD) transferred from Unknown Wallet ➡️ Binance🚨🚨
Gold***: $1702.22 USD -$13.00-0.76%
BGR: 5.3
Silver***: $15.49 USD +$0.18 +1.15%
*📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames.
**What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire.
*** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin.
