Bitcoin Variables In Play: Holding Downward Channel.. For now:
Bitcoin ‘GOLD 2.0’ Overview: A break of the low at 8700 would signal that the downtrend is definitely in play.
With two down days you have to ask yourself if this downtrend is going to continue…….
Break lower…. With this price action if price is to break 8400 we are falling further.
Support Levels: 8400 Turns into Support
Resistance Levels: 9100 is the Resistance area
Channel of Interest (marked with the yellow rectangle) We are back in the downward channel. Downward momentum still intact
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.8%
Approximate Bitcoin in Circulation: 18,260,113 BTC
Approximate Bitcoin Left to Mine: 2,739,888 BTC
Road to 21,000,000 Bitcoin Mined: 86.95%
Approximate Days Until Halving: 63-65 Days
Daily
Current Price: $8705 USD
Daily Change %: -2.4%
Market Cap: $158,824,632,513.75 USD
24 Hour Volume: $36,767,678,842 USD
Population of the World: ~7,769,490,800+ humans
Bitcoin/World Population: ~ 0.002350232913591 Satoshi’s / $20.45 USD per person
Trading Quote
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
GOLD: $1674.52 USD +8.12 +0.49% Gold has risen $8 USD within the day.
With two down days you have to ask yourself if this downtrend is going to continue…….
Break lower…. With this price action if price is to break 8400 we are falling further.
Support Levels: 8400 Turns into Support
Resistance Levels: 9100 is the Resistance area
Channel of Interest (marked with the yellow rectangle) We are back in the downward channel. Downward momentum still intact
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.8%
Approximate Bitcoin in Circulation: 18,260,113 BTC
Approximate Bitcoin Left to Mine: 2,739,888 BTC
Road to 21,000,000 Bitcoin Mined: 86.95%
Approximate Days Until Halving: 63-65 Days
Daily
Current Price: $8705 USD
Daily Change %: -2.4%
Market Cap: $158,824,632,513.75 USD
24 Hour Volume: $36,767,678,842 USD
Population of the World: ~7,769,490,800+ humans
Bitcoin/World Population: ~ 0.002350232913591 Satoshi’s / $20.45 USD per person
Trading Quote
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
GOLD: $1674.52 USD +8.12 +0.49% Gold has risen $8 USD within the day.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.