Does Bitcoin Pop Back Into Downward Channel Or Continue A Dive
Bitcoin ‘GOLD 2.0’ Overview: Currently price is sitting indecisively at 8850 hitting its head on our lower channel line. With support at 8400 we could see a bounce to the 9100 area. This market looks more heavy than bullish with its current market structure with ~ 74 odd days to the halving we believe price will stay between the 5500 - 10400 Mark
Support Levels: 8400 is Support
Resistance Levels: 9100 turns back into the Resistance area
Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.9%
Approximate Bitcoin in Circulation: 18,241,138 BTC
Approximate Bitcoin Left to Mine: 2,758,863 BTC
Road to 21,000,000 Bitcoin Mined: 86.86%
Approximate Days Until Halving: 74-75 Days
Daily
Current Price: $8871 USD
Daily Change %: +0.50%
Market Cap: $161,472,373,263.75 USD
24 Hour Volume: $43,585,496,636 USD
Population of the World: ~7,767,370,160+ humans
Bitcoin/World Population: ~ 0.00234843166017 Satoshi’s / $20.83 USD per person
Trading Quote
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
-Warren Buffett
GOLD: $1,643.38 USD +3.38 +0.21% Gold has risen $3.38 USD within the day.
Support Levels: 8400 is Support
Resistance Levels: 9100 turns back into the Resistance area
Channel of Interest (marked with the yellow rectangle) The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.9%
Approximate Bitcoin in Circulation: 18,241,138 BTC
Approximate Bitcoin Left to Mine: 2,758,863 BTC
Road to 21,000,000 Bitcoin Mined: 86.86%
Approximate Days Until Halving: 74-75 Days
Daily
Current Price: $8871 USD
Daily Change %: +0.50%
Market Cap: $161,472,373,263.75 USD
24 Hour Volume: $43,585,496,636 USD
Population of the World: ~7,767,370,160+ humans
Bitcoin/World Population: ~ 0.00234843166017 Satoshi’s / $20.83 USD per person
Trading Quote
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
-Warren Buffett
GOLD: $1,643.38 USD +3.38 +0.21% Gold has risen $3.38 USD within the day.
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