P action has painted some bullish action with a hasty push down and up in yesterdays trading. We open currently around 9900. Bulls want to keep this action away from the below consolidation yet we know sellers are rife with orders above with a big sell wall at present.
Today we’ll enjoy the battle until a move pops further…
Focusing on the blue trend line to hold into the apex of 10k. A break below may see a suck into the consolidation zone with the bears having too much hold over the upper values. If a pop above 10k watch for a stall incoming with the ATH trend line slithering down, a break above this and hold until tomorrows open will be a lot of fresh air to move around in, but until that time we watch the battle. keeping the inner upward channel as a pop may regain a price zone to consider.
Happy Trading :)
Bitcoin to Date Daily Current Price: $9877.7 USD Daily Change %: +1.08% Market Cap: $182,074,988,343.75 USD 24 Hour Volume: $25,685,975,044 USD Population of the World: ~7,790,510,000+ humans Today’s Bitcoin Total / World Population: ~ 0.002361938563714 Satoshi’s / $23.33 USD per person
Overall Approximate Bitcoin in Circulation: 18,400,706 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,599,294 BTC Road to 21,000,000 Bitcoin Mined: 87.62%
Current Bitcoin Dominance: 66.14%
📈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: 1429 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.
Created & published by Des Landen Landen International
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.