Bitcoin ‘GOLD 2.0’ Overview: The question is ‘Was that the bottom or first BIG leg down’?
For Bitcoin Strength we’d like to see bitcoin flow to the middle of the channel punching throw the previous low at 6500. This would install a lot of confidence back into the market during these world economic times.
For a bearish scenario we’ve left the triangle do the bottom of the lower downward channel line and the trend line from previous lows from dec 2018 / Jan 2019. However Bitcoin will need to break below 5000 which will be a large support area.
Support Levels: 6100 flips to support
Resistance Levels: 7400 is the next major resistance
Point of Interest: Price action back into the downward channel.
🐃Bulls Verse Bears🐻 WE ARE BEARISH Bullish above 10500 Bearish below 6500
Bitcoin to Date: Overall Approximate Bitcoin Dominance: 64.6% Approximate Bitcoin in Circulation: 18,278,188 BTC Approximate Bitcoin Left to Mine: 2,721,813 BTC Road to 21,000,000 Bitcoin Mined: 87.04% Approximate Days Until Halving: 53-55 Days Daily Current Price: $6266 USD Daily Change %: 1.50% Market Cap: $114,083,307,281.25 USD 24 Hour Volume: $51,116,233,547 USD Population of the World: ~7,772,097,389+ humans Bitcoin/World Population: ~ 0.002351770324683 Satoshi’s / $14.74 USD per person
Trading Quote Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. -George Soros
GOLD: $1498.73 USD 20.35.33% Gold has risen $20.33 USD within the day.
Biggest Bitcoin Transactions of the Day 🚨 76,125 Bitcoin ($470,882,547 USD) transferred from Binance ➡️ Unknown wallet
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