Bitcoin Strength Needed - Follow Weekly Downward Channel
Bitcoin ‘GOLD 2.0’ Overview: Yesterday, we posted about the weekly chart and its evident we are in a downward channel on the bigger time frame. From a daily point of view price this week needs to break 8400 at the very least to have powering breaking the highs.
At present we are at the whim of global economic markets , however fairing better than most. Strength is needed so Bitcoin stands out on its own. When it does that more money will flow into the beast. We do have the having coming up which one would consider some strength to be shown. This could be the sling shot over the next couple of months.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.1%
Approximate Bitcoin in Circulation: 18,264,263 BTC
Approximate Bitcoin Left to Mine: 2,735,738 BTC
Road to 21,000,000 Bitcoin Mined: 86.97%
Approximate Days Until Halving: 61-64Days
Daily
Current Price: $7954 USD
Daily Change %: -0.17%
Market Cap: $145,569,824,977.50 USD
24 Hour Volume: $42,307,531,193 USD
Population of the World: ~7,770,023,305+ humans
Bitcoin/World Population: ~ 0.002350605948408 Satoshi’s / $18.69 USD per person
Trading Quote
“Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.”― Yvan Byeajee
GOLD: $1652.50 USD -6.62 -0.40% Gold has fallen $6 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 773 Bitcoin ($6,069,724 USD) transferred from Coinbase ➡️ Unknown Wallet
At present we are at the whim of global economic markets , however fairing better than most. Strength is needed so Bitcoin stands out on its own. When it does that more money will flow into the beast. We do have the having coming up which one would consider some strength to be shown. This could be the sling shot over the next couple of months.
Support Levels: Next support is at 7700
Resistance Levels: 8000 is currently resistance
Point of Interest: Bitcoin is in a overall downward channel from the weekly. If price falls lower or consolidated it validates this channel even more. This is more evident into the halving.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.1%
Approximate Bitcoin in Circulation: 18,264,263 BTC
Approximate Bitcoin Left to Mine: 2,735,738 BTC
Road to 21,000,000 Bitcoin Mined: 86.97%
Approximate Days Until Halving: 61-64Days
Daily
Current Price: $7954 USD
Daily Change %: -0.17%
Market Cap: $145,569,824,977.50 USD
24 Hour Volume: $42,307,531,193 USD
Population of the World: ~7,770,023,305+ humans
Bitcoin/World Population: ~ 0.002350605948408 Satoshi’s / $18.69 USD per person
Trading Quote
“Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.”― Yvan Byeajee
GOLD: $1652.50 USD -6.62 -0.40% Gold has fallen $6 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 773 Bitcoin ($6,069,724 USD) transferred from Coinbase ➡️ Unknown Wallet
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