Due to volume increase and a close above 10k on the daily channel seeing the order book flow with green numbers we’ve witnessed a break of 10500 happen. However what caught my attention whilst looking at the naked chart and then applying some things in the back ground is this potential upward channel formulating to add guidance to potential price points of Support and resistance. Now if market breaks the new ATH trend line and wants to break 12000 I’ll come back to this and a retrace back to 10k could see this bottom Trendline come into play. However for now. We enjoy this market breathing fresh air.
Happy trading, be safe and watch your emotions.
Bitcoin to Date Daily Current Price: $11200 USD Daily Change %: +13.16% Market Cap: $206,558,135,662.50 USD 24 Hour Volume: $34,160,544,340 USD Population of the World: ~7,800,978,792+ humans Today’s Bitcoin Total / World Population: ~ 0.002364362023252 Satoshi’s / $26.48 USD per person
Overall Approximate Bitcoin in Circulation: 18,444,338 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,555,663 BTC Road to 21,000,000 Bitcoin Mined: 87.83%
Current Bitcoin Dominance: 64.56%
📈Support & Resistance📉* Support Levels 1st Support Zone: 10942.2 2nd Support Zone: 10420.0 3rd Support Zone: 9998.0
Price Level Consideration Approximate Days Until Halving: 1381 Days (Pending Timezone / Blocks Mined) All Time High Half Way Point: 9942.5 Prominent High: 13767.4 Prominent Low: 3994.1
—————————————————————————————————— *📈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.
Created & published by Des Landen Landen International
Not sure why your top trend line only touches 20k and the high of today rather than the 13k high last June. If you touched the high previous to this one, you would see a clear breakout.
JuneZzang
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@rassulophoto, Exactly. I was wondering why did he do that? It's bullish. I'm interested in August more than July. Ofc, not previous high. That's for 2021.
BigBuxTrading
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@rassulophoto This completely discredits this person to me!.... totally AGREE.... Math is math.... you can’t conveniently change the trendline’s points to fit in your idea - those points (highs in this case) are locked.... this type of interpretation is a joke... major fail
crypto008
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Greyscale Saying : Barry Silbert
@BarrySIlbert Great work, team. All eyes now on $13,900
twitter.com/barrysilbert So with the huge money Greyscale buying up with next is 13900 ;)