P action is taking a breather at the upper realms of previous consolidation. Evident that if the bulls want to push volume needs to behind them (currently 17,002,716,930 of yuk..) grouping together more than previous attempts to the upper regions to bust 10k and beyond.
Only 7 Days until Q2 comes to fruition with the halfway point being hit for the year. P action is currently at a positive for the last 6 months however, and obviously, coming into the next 6 months positioning above the 10k zone gives more support to a 20k and up, Christmas spot price. Order book will have more bears sitting presenting if/when price rises. Right now, this moment, a little bit stagnant.
Will overview more in-depth when price moves, previous posts depict my overview of current structure. Check it.
Happy Trading :)
Bitcoin to Date Daily Current Price: $9639.6 USD Daily Change %: -0.12% Market Cap: $177,131,858,326.43 USD 24 Hour Volume: $17,002,716,930 USD Population of the World: ~7,793,400,050+ humans Today’s Bitcoin Total / World Population: ~ 0.002362628106073 Satoshi’s / $22.77 USD per person
Overall Approximate Bitcoin in Circulation: 18,412,906 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,587,094 BTC Road to 21,000,000 Bitcoin Mined: 87.68%
Current Bitcoin Dominance: 65.99%
📈Support & Resistance📉* Support Levels 1st Support Zone: 9170.7 2nd Support Zone: 8666.7 3rd Support Zone: 7840.4
Price Level Consideration Approximate Days Until Halving: 1416 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.
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