$GBTC | Grayscale® Bitcoin Trust What Is the Grayscale Bitcoin Trust?
The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC. This will allow accredited investors who purchased shares in the Trust’s private placement to have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months, according to SEC rules.
More About the Grayscale Bitcoin Trust
The Grayscale Investment Trust debuted as The Bitcoin Investment Trust on Sept. 25, 2013 as a private placement to accredited investors and, later on, received FINRA approval for eligible shares to trade publicly. This means that investors have access to buy and sell public shares of the Trust under the symbol GBTC. Grayscale Investments calls it a traditional investment vehicle with shares titled in the investor's name. Although the Trust is not an ETF itself, Grayscale says it's modeled on popular commodity investment products like the SPDR Gold Trust, a physically backed ETF.
GBTC is traded publicly on the OTCQX, an over-the-counter market, under the Alternative Reporting Standard for companies not required to register with the Securities and Exchange Commission (SEC). Its success mirrors that of Bitcoin because its value is derived solely from that cryptocurrency.
As of September 11, 2019, GBTC had approximately $2.16 billion in assets under management (AUM) and 2.4 million shares outstanding. The trust requires a minimum investment of $50,000 and charges an annual fee of 2.0 percent, which accrues daily, for accredited investors who wish to subscribe to the Trust as a private placement. On the other hand, investors are eligible to purchase as little as one share of the GBTC public quotation.
Grayscale suggests that its management of the fund is worth more than the annual fee, and one of its major selling points is its security. Storing cryptocurrency safely is notoriously challenging, and the company assures investors that the Grayscale Bitcoin Trust's assets "are safeguarded by a robust security system that uses industry-leading security standards."
As an investment vehicle which trades over-the-counter, GBTC is available for investors to buy and sell in the same way as virtually any U.S. security. As an example, GBTC can be traded through a brokerage firm, and it's also available within tax-advantaged accounts like IRAs or 401(k)s.
Disadvantages of GBTC
Andrew Left of Citron Research has publicly criticized the Grayscale Investment Trust, and Citron has tweeted that GBTC is the "most dangerous way to own Bitcoin." Possible disadvantages of investing in the Trust include paying high premiums along with the annual fee, along with the risk factors associated with the overall volatility in the cryptocurrency market, as well as with investments vehicles that aren't required to register with the SEC.
Because the Trust is currently the only fund of its kind specifically for bitcoin, investors have been paying a high premium. In Sept. 2018, shares of GBTC traded at a high of $7.95, which was around 20% higher than the value of the bitcoin within the trust that each share represented at that time. Although that premium is significant, it’s lower than it has been in the past — GBTC has closed at prices more than two times the value of its underlying bitcoins. Grayscale offers that prices are dictated by the market and not by Grayscale itself, so price fluctuations may be a result of supply and demand.
As of Oct. 2018, each share of GBTC represented less than 0.0001 bitcoin. That means it would take more than 1,000 shares of GBTC to own one bitcoin. GBTC saw a steady increase in 2017 and peaked at the end of the year. However, its performance in 2018 has fluctuated, and overall, GBTC has trended downward, with a nearly 65% year-to-date decline as of Oct. 2018. Steeper declines could mean that shares could lose most or all of their value. In 2019, as Bitcoin's price has generally trended upward, GBTC has followed.
OTC
Bitcoin Channel’s VALID = In Play. BTC Halving T-minus HoursBitcoin ‘GOLD 2.0’ Overview
Since March Bitcoin has risen +114% / +$4572. - to date, yet yesterdays price action is the talk of the town as a drop of $1450 in less than 15 minutes is significant with 100’s of millions in liquidations. Remember where price has come from as it can’t just simply go ^^^ UP ^^^. Price was slammed back into the downward channel hitting the inner upward channels lower trend line retracing to todays open. Today I dive in and see where price action could travel this week considering halving is in less than 24 hours!!!! Here’s the weekly overview;
Outer Perspective (Weekly Chart)
WEEKLY CANDLE CLOSED NEGATIVE. This time yesterday in ‘trading world’ it looked as if the market was setting up to test the whole number of 10,000 and close the weekly candle positive… Then liquidations. It’s crucial to understand that one spike up or down can recalibrate the market yet traders will often overlook as to what transpired prior when TA’ing their charts (market these events in your trading notes/journal). Thus we find price respecting the inner upward channel and retesting the low. This also coincides with entering the downward channel and finding the 3/4 point as support.
Inner Perspective (Daily Chart)
Support & Resistance has been reshuffled (see below for zones) and with the significant drop. Key points on the Daily to watch in the coming days is the hold of price action and to see where it travels. Taking the halving out of account and focusing on the prior price action (within the Rectangle) we’ve been here before with 7 candles printing in this price zone (outlined in area of interest more evidently), thus could respond as an era of comfort.
Area of Interest (4 Hour Chart)
Recapping: Back in Downward Channel at the 3/4 area, retested low and at 1/4 area of the inner upward channel, opening and styled (at present) at a level that price has had 7 days of consolidation. My focus of interest is on the range of price action within this triangle and to watch Bitcoin shake off yesterdays movement.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8441.6
2nd Support Zone: 8159.3
3rd Support Zone: 7734.0
Resistance Levels:
1st Resistance Zone: 9172.9
2nd Resistance Zone: 9567.4
3rd Resistance Zone: 9987.7
Price Level Consideration
Approximate Days Until Halving: 1 Day* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8721.5
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $8752.8 USD
Daily Change %: -8.57%
Market Cap: $160,663,153,875.19 USD
24 Hour Volume: $96,711,133,437 USD
Population of the World: ~7,783,610,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360495322864 Satoshi’s / $20.66 USD per person
Overall
Approximate Bitcoin in Circulation: 18,373,175 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,626,825 BTC
Road to 21,000,000 Bitcoin Mined: 87.49%
Current Bitcoin Dominance: 68.17%
Biggest Bitcoin Transaction of the Day**
1.🚨2,000 Bitcoin ($17,625,691 USD) transferred from Unknown Wallet ➡️ Binance
2.🚨1,743 Bitcoin ($15,142,622 USD) transferred from OKEx ➡️ Unknown Wallet
3. 🚨1,500 Bitcoin ($13,148,702 USD) transferred from Unknown Wallet ➡️ OKEx
Largest Cryptocurrency Transaction Today:
🚨🚨60,000,000 USDT ($59,910,383 USD) transferred from Unknown Wallet ➡️ Binance🚨🚨
Gold***: $1,706.26 USD +$1.62 +0.10%
Silver***: $15.56 USD +0.11 +0.73%
——————————————————————————————————
*📈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
GAXY is ready to break out , at very least +200% Shit stocks, shit company price never go up again but volume doesn't lie, we still can get some profit I trust
Bitcoin Support Zone 1 Testing & Area Of Interest Stick Bitcoin ‘GOLD 2.0’ Overview
A push down to test first level of support at 9530 has currently held with market looking to close and open around these levels. See point of interest for more details as price will range between these parameters.
Outer Perspective (Weekly Chart)
Inner upward channel is holding strong with price in the upper 3/4 zone. The weekly candle will look to close positive this week within the channel. This will have given Bitcoin 8 consecutive weeks in positive territory and momentum. With halving completing within next week price could challenge the highs and the trend line from the ATH.
Inner Perspective (Daily Chart)
The large sell wall at 10k was too strong for the buyers to push again and challenge to break through, with the fight subsiding bears pushed to zone 1 support. This will hold into the close of todays candle and the print will be above. However the next 24 hours play could break below and test 9400’s.
Area of Interest (4 Hour Chart)
Here’s a better view of the upward channel and a look at how price is repeating the boundaries. With 10k above price’s head the area of interest should hold price within its bounds (in orange). If Zone 1 support is to break then the lower their will be in play. With a new weekly opening tomorrow and the halving closing in this will make for some interesting price action.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9530
2nd Support Zone: 9000
3rd Support Zone: 8700
Resistance Levels:
1st Resistance Zone: 10100
2nd Resistance Zone: 10500
3rd Resistance Zone: 11500
Price Level Consideration
Approximate Days Until Halving: 1-2 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9585 USD
Daily Change %: -2.11%
Market Cap: $176,501,766,468.24 USD
24 Hour Volume: $71,117,138,386 USD
Population of the World: ~7,783,384,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360292515441 Satoshi’s / $22.62 USD per person
Overall
Approximate Bitcoin in Circulation: 18,371,063 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,628,938 BTC
Road to 21,000,000 Bitcoin Mined: 87.48%
Current Bitcoin Dominance: 67.98%
Biggest Bitcoin Transaction of the Day**
1.🚨5,000 Bitcoin ($48,653,072 USD) transferred from Bitfinex ➡️ Unknown Wallet
2.🚨2,864 Bitcoin ($27,959,908 USD) transferred from OKEx ➡️ Unknown Wallet
3. 🚨2,500 Bitcoin ($24,098,255 USD) transferred from Unknown Wallet ➡️ OKEx
Largest Cryptocurrency Transaction Today:
🚨🚨63,104,000 USDT ($63,192,021 USD) transferred from Unknown Wallet ➡️ Binance🚨🚨
Gold***: $1702.22 USD -$13.00-0.76%
BGR: 5.3
Silver***: $15.49 USD +$0.18 +1.15%
*📈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.
Bitcoin 10K Test / Repel /Test/ Repel = MagnetBitcoin ‘GOLD 2.0’ Overview
A phenomenal 24 hours has seen Bitcoin continue to test the ATH halfway price point and the whole number of the now lucrative 10k. Price sniffed above 10k but a BIG sell wall is consistently present with order book selling pressure being immense. The question remains: How long will this hold before a release in pressure is granted?
Outer Perspective
Bringing the ATH into view the critical point from here is the trend line from the ATH highs. A break of this will show a lot of Bull dominance and buyers will be throwing orders in like seeding air rated soil for their next harvest. In other words volatility will pick up again and whip saw this market. Until then consider the 10,000 to act as a magnet as this whole number is a super significant area and as well as psychological. Note the subtle trend line, traders will have this marked which in theory acts like a stick beating price on the head. Downward channel is still in play until a break to the upside clears that area (faded yellow trend line in picture) price may still fall heavily making this price range valid again
The X on the far right is simply an intersection point not a target for clarification
Inner Perspective
Price is adhering to the perimeters of the inner upward channel, this area will be working as a resistance area also. I’ve indicated a slight yellow extended rectangle which is price at 10k. Although the halving is near, price in October and February had the bulls try to penetrate 10k alas the resistance won and it failed to punch through. Thus this could be third time a charm. As stated above, massive resistance is in the way.
Area of Interest (4 hour chart)
The 4 hour gives a better representation of price than the daly here. Price has tested 10k five (5) times on the 4 hour so buyers are still riding this bull for what its worth. To summarise unless we get a break to the upside we’ll see price trial within this range and could come back to test the 9530 support and also have the previous inner double top area (Circle target points). The next few days will be telling for this.
[b 📈Support & Resistance📉*
Support Levels
1st Support Zone: 9530
2nd Support Zone: 9000
3rd Support Zone: 8700
Resistance Levels:
1st Resistance Zone: 10100
2nd Resistance Zone: 10500
3rd Resistance Zone: 11500
Price Level Consideration
Approximate Days Until Halving: 2-3 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9895 USD
Daily Change %: -0.57%
Market Cap: $181,423,047,403.25 USD
24 Hour Volume: $77,467,358,415 USD
Population of the World: ~7,783,000,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360211358088 Satoshi’s / $23.35 USD per person
Overall
Approximate Bitcoin in Circulation: 18,369,525 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,630,475 BTC
Road to 21,000,000 Bitcoin Mined: 87.47%
Current Bitcoin Dominance: 68.41%
Biggest Bitcoin Transaction of the Day**
1.🚨2,077 Bitcoin ($20,573,863 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨2,001 Bitcoin ($19,812,283 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨1,997 Bitcoin ($19,947,373 USD) transferred from Binance ➡️ Unknown Wallet
Largest Cryptocurrency Transaction Today:
🚨🚨71,181,922 USDT ($71,286,069 USD) transferred from Unknown Wallet ➡️ Binance🚨🚨
GOLD***:
Current Price: $1714.06 USD
Dollar Change: -$1.31 USD
Percentage Change -0.08%
Bitcoin to Gold Ratio: 5.3
* 📈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.
Bitcoin ATH Half Way Price Point HIT /10k OPENBitcoin ‘GOLD 2.0’ Overview
Price action has seen Bitcoin push with vigour through the inner upward channel and outer upper trend line after 4 tests within the triangle which has been absolutely broken. This push blasting through the double top, remember all of these now become support zones. Currently Bitcoin is breathing some more fresh air however for cleaner air needs to push above the ‘Area of Interest’ (See below) and battle the outer double top at 10500 resistance. Beware that the Trend line from the ATH/highs in the market is now in sight and a break of this will confirm positive momentum. We are testing the ATH half way price point also - This will get traders antsy from this positive price movement.
Outer Perspective
Since the 16 June 2019 price has bounced around to form this large downward channel, now we see its broken the 100% range. Other traders may have something similar marked on their charts or a trend line of the upper this will mark for them that bitcoin has stretch from their perspectives. We’ll see some FOMO news articles come out considering we are currently 4-5 days away from halving. So be aware of market sentiment when most are fearful of the current covid economic affects. Price could come to test the upper tiers spoken about above, remember this for future reference.
Inner Perspective
A quick one here as price is pretty self serving of its move within this upward channel. Thus I’d like to point out the test of the upper trend line currently respecting this into todays daily open. As stated previously above this coincides with the ATH half way price point which is a major psychological zone which won’t actually be noted by many however perceive it. You’ll see the ‘Potential 3rd Double Top Point’ (alas to say where price will retest the previous double top points formed) and consider this a target point for potential price action. (See Area Of Interest fro more clarification)
Area of Interest
This section is taking out of account the bitcoin halving and consider it as simply taking a snap shot of the market right now. Support and resistance zones to be respected here also. As a break of the outer downward channels’s upper trend line i’e depicted a subtle Trend line (what other traders and computer algorithms will place) this coupled with the inner upward channel now paints a zone or area of interest. This is to be considered a potential price range if the channel holds true.
Support & Resistance
Support Levels
1st Support Zone: 9530
2nd Support Zone: 9000
3rd Support Zone: 8700
Resistance Levels:
1st Resistance Zone: 10100
2nd Resistance Zone: 10500
3rd Resistance Zone: 11500
Price Level Consideration
Approximate Days Until Halving: 5 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9870.8 USD
Daily Change %: +7.85%
Market Cap: $181,423,047,403.25 USD
24 Hour Volume: $91,792,124,178 USD
Population of the World: ~7,782,930,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360002980883 Satoshi’s / $23.29 USD per person
Overall
Approximate Bitcoin in Circulation: 18,367,738 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,632,263 BTC
Road to 21,000,000 Bitcoin Mined: 87.47%
Current Bitcoin Dominance: 68.77%
Biggest Bitcoin Transaction of the Day
1.🚨5001 Bitcoin ($47,210,074 USD) transferred from Bitfinex ➡️ Unknown Wallet
2.🚨2900 Bitcoin ($28,560,854 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨2001 Bitcoin ($18,493,639 USD) transferred from OKEx ➡️ Unknown Wallet
Largest Cryptocurrency Transaction known Today:
🚨🚨5001 Bitcoin ($47,210,074 USD) transferred from Bitfinex ➡️ Unknown Wallet🚨🚨
GOLD :
Current Price: $1714.06 USD
Dollar Change: -$1.31 USD
Percentage Change -0.08%
Bitcoin to Gold Ratio: 5.3
Bitcoin Downward Channel Highs Tested / Double Top FormulationBitcoin ‘GOLD 2.0’ Overview
Coming into the Bitcoin halving with 5 days to go and the market nearly had fireworks, however couldn’t fully form the inner double top and push through and retraced $300 odd dollars back to the 9160 region. Price now has opened back below 9200 resistance to fight the upward battle again. Speaking of battles if price is to come into the triangle (See Point of Interest) we could see bouncey price action within this. Bulls will look to pop this area hard after testing it twice on the daily already.
Outer Perspective
The outer downward channel is still very much in play and as of last night has touched and tested the upper trend line 4 times. We could see a 5th test and pop in the next couple of days if we ride and break above 9200 again
Inner Perspective
The inner upward channel is holding price within the bounds above its mid point. As price has respected it since the 13th of March we will anticipate that market structure could continue within these areas. A break above 9200 and a test of the ‘Outer perspective’ could see some fire works play out.
Point of Interest
Let’s start with the Triangle dynamics which are made up of the 30th April daily candle high, 9200 Resistance, The outer downward channel upper trend line and the apex of the inner upward channel top line. This is a zone of play of interest that price could come into after another break of the 9200 resistance and ‘hit it’s head’ along the upper trend line. Already we have seen price try to form a double top, it nearly got there, but not to the level of the prior high as bears pushed back down. Look to retest with todays open below 9200. Gathering steam.
Support & Resistance
Support Levels
1st Support Zone: 8000
2nd Support Zone: 7400
3rd Support Zone: 6960
Resistance Levels:
1st Resistance Zone: 9200
2nd Resistance Zone: 9530
2nd Resistance Zone: 10401
Price Level Consideration
Approximate Days Until Halving: 5 Days* Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish above 10485.8
🐻 Bearish below 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8900.0
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9194 USD
Daily Change %: +2.55%
Market Cap: $168,210,291,830.00 USD
24 Hour Volume: $78,450,517,219 USD
Population of the World: ~7,782,720,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002359840133013 Satoshi’s / $21.69 USD per person
Overall
Approximate Bitcoin in Circulation: 18,365,975 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,634,025 BTC
Road to 21,000,000 Bitcoin Mined: 87.46%
Current Bitcoin Dominance: 67.92%
Biggest Bitcoin Transaction of the Day
1.🚨2487 Bitcoin ($23,135,886 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨2450 Bitcoin ($22,686,381 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨1585 Bitcoin ($14,769,257 USD) transferred from Binance ➡️ Unknown Wallet
GOLD :
Current Price: $1690.09 USD
Dollar Change: +$1.57 USD
Percentage Change +0.08%
Bitcoin to Gold Ratio: 5.3
Bitcoin Stronger Push To 9200 ResistanceBitcoin ‘GOLD 2.0’ Overview
The daily candle has closed positive with a push and retrace into the 9100 region. Price could test 9200 again as market by the orange circle above price action. If the Bulls can’t penetrate this then Bears may beat them down to the 8900 area. Bears will want to fill the wick from Mondays candle and if price is pushed this far the next support area is the 3/4 line zone of the downward channel.
Outer Perspective
The downward channel still places current price in a down trend. A break of the halfway point (All time high price halved) at 9942.5 and a break above 10500 will confirm this if price holds and continues north.
Inner Perspective
The inner upward channel has shown price to be dominant and have momentum since the 13th of March. Still awaiting price action to break 9200 into the triangle.
Point of Interest
Remains the same - Is Bitcoin going to break 9200 today, that’s our point of interest presently and if price moves above 9200 we’ve marked a triangle where price will beat its head along the downward channels upper trend line.. Note that price on the 30th April tested this and fell back to 8300.
Support & Resistance
Support Levels
1st Zone: 8000
2nd Zone: 7400
Resistance Levels:
1st Zone: 9200
2nd Zone: 9530
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Biggest Bitcoin Transaction of the Day*
1.🚨2,511 Bitcoin ($22,289,364 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨2,110 Bitcoin ($18,848,342 USD) transferred from OKEx ➡️ Binance
3. 🚨1,000 Bitcoin ($8,830,138 USD) transferred from Coinbase ➡️ Binance
*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 the may transpire.
Bitcoin to Date
Daily
Current Price: $8957 USD
Daily Change %: +1.12%
Market Cap: $164,431,210,380.00 USD
24 Hour Volume: $67,265,260,266 USD
Population of the World: ~7,782,500,000+ humans
Bitcoin/World Population: ~ 0.002359678766463 Satoshi’s / $21.13 per person
Overall
Current Bitcoin Dominance: 67.14%
Approximate Bitcoin in Circulation: 18,364,200 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,635,800 BTC
Road to 21,000,000 Bitcoin Mined: 87.45%
Approximate Days Until Halving: 5-6 Days
GOLD:
Current Price: $1702.89 USD
Dollar Change: -$2.59 USD
Percentage Change -0.16%
Bitcoin Downward Retrace / Back @ Monthly OpenBitcoin ‘GOLD 2.0’ Overview: Price over the last 24 hours saw a relatively strong push downwards to 8500 to see it retrace to the open of its candle. Todays write up is much the same as yesterdays. We could see a test back up north at 9200 where the triangle, if a break above, will come into play. Also the 3/4 mark of the downward channel could be a resting spot south as the market might choose to fill the wick from yesterdays print.
Biggest Bitcoin Transaction of the Day
🚨2,511 Bitcoin ($22,289,364 USD) transferred from Binance ➡️ Unknown Wallet
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: Remains the same - Is Bitcoin going to break 9200 today, that’s our point of interest presently and if price moves above 9200 we’ve marked a triangle where price will beat its head along the downward channels upper trend line.. Note that price on the 30th April tested this and fell back to 8300.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.8%
Approximate Bitcoin in Circulation: 18,362,100 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,637,900 BTC
Road to 21,000,000 Bitcoin Mined: 87.44%
Approximate Days Until Halving: 7-8 Days
Daily
Current Price: $8883 USD
Daily Change %:-1.18%
Market Cap: $162,690,042,210.00 USD
24 Hour Volume: $70,833,921,827 USD
Population of the World: ~7,782,200,000+ humans
Bitcoin/World Population: ~ 0.002359499884351 Satoshi’s / $20.95 per person
GOLD: $1697.43 USD +8.70 0.52% Gold has risen $8 USD within the day.
9200 Resistance Test & RetraceBitcoin ‘GOLD 2.0’ Overview: Yesterdays daily Bitcoin price range saw a test of 9200 Resistance and a retrace back to current levels $300 down. We’re still at the mid point of the inner upward channel here and in the 3/4 of the downward channel upper zone. Price is trying to fulfil the full range one the downward channel to POP above. WIth 8 days until having this could play out although we still have the 3/4 mark of the downward channel in play. See ‘Point of Interest’ in regards to a 9200 break.
Biggest Bitcoin Transaction of the Day
🚨1,000 Bitcoin ($8,845,759 USD) transferred from Unknown Wallet ➡️ Huobi
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: Is Bitcoin going to break 9200 today, that’s our point of interest presently and if price moves above 9200 we’ve marked a triangle where price will beat its head along the downward channels upper trend line.. Note that price on the 30th April tested this and fell back to 8300.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.4%
Approximate Bitcoin in Circulation: 18,360,013 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,639,988 BTC
Road to 21,000,000 Bitcoin Mined: 87.43%
Approximate Days Until Halving: 8-9 Days
Daily
Current Price: $8883 USD
Daily Change %:-1.18%
Market Cap: $163,330,671,200.00 USD
24 Hour Volume: $68,536,459,414 USD
Population of the World: ~7,782,048,500+ humans
Bitcoin/World Population: ~ 0.002359277637501 Satoshi’s / $20.95 per person
GOLD: $1697.43 USD +8.70 0.52% Gold has risen $8 USD within the day.
Bitcoin 10 Month Positive ‘HALF WAY’ +50% Price Range Bitcoin ‘GOLD 2.0’ Overview: Bitcoin is currently sitting at the 50% midpoint from the high on 26th June 2019 ($13800 USD) and the Low on the 13th of March 2020 ($3990 USD). If you look at the Fib price is currently stalling at this point of 50%. Now why is this significant, well taking away general support and resistance zone prior as they happened before the low in March this has added to confirmation that bulls at present have more momentum.
Think of a tug of war event purely between the bulls and the bears from march and sellers in a month and a half could only mange 3 days of consecutive selling pressure. This is simply a factor to consider in your TA, as it doesn’t particularly mean bulls will push higher but to be aware of the market dynamics and what some will be looking at. Having said the above the market is still overall in the downward channel (only removed to declutter chart).
Biggest Bitcoin Transaction of the Day
🚨1,366 Bitcoin ($12,086,741 USD) transferred from Binance ➡️ Unknown Wallet
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: Price has opened above and settled at the 50% price range since March 2020
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.4%
Approximate Bitcoin in Circulation: 18,356,063 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,643,938 BTC
Road to 21,000,000 Bitcoin Mined: 87.41%
Approximate Days Until Halving: 9-10 Days
Daily
Current Price: $9070 USD
Daily Change %:+1.55%
Market Cap: $162,629,206,931.25 USD
24 Hour Volume: $68,536,459,414 USD
Population of the World: ~7,781,832,880+ humans
Bitcoin/World Population: ~ 0.002358835416162 Satoshi’s / $21.39 per person
GOLD: $1700.40 USD +11.66 0.69% Gold has risen $11 USD within the day.
10 Days Until Halving, Bitcoin Price Will…Bitcoin ‘GOLD 2.0’ Overview: Currently we’re in the Blue zone. Although we’ve pumped to the intersection price at the moment is battling through resistance and being pushed back. The fact price has opened in this area will show strength for TA warriors. Currently we are in the top 3/4 of the downward channel and also above the midpoint of the inner upward channel. If sellers want to push this market down they need to restrict this buying a pressure price below 8400.
Biggest Bitcoin Transaction of the Day
🚨2,500 Bitcoin ($22,289,804 USD) transferred from Bitstamp ➡️ Unknown Wallet
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: Currently watching price movement within the Blue Rectangle to see if buyers can push through resistance.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.4%
Approximate Bitcoin in Circulation: 18,356,063 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,643,938 BTC
Road to 21,000,000 Bitcoin Mined: 87.41%
Approximate Days Until Halving: 10-11 Days
Daily
Current Price: $8881.0 USD
Daily Change %:+1.88%
Market Cap: $162,629,206,931.25 USD
24 Hour Volume: $69,965,909,906 USD
Population of the World: ~7,781,602,000+ humans
Bitcoin/World Population: ~ 0.002358905402769 Satoshi’s / $20.94 per person
GOLD: $1700.40 USD +11.66 0.69% Gold has risen $11 USD within the day.
Bitcoin Intersection High Test & RetraceBitcoin ‘GOLD 2.0’ Overview: The last 48 hours in the Bitcoin market has seen price test the 9450 region which happens to be the inner upward channel and downward channel intersection points for a touch. Then ‘falling’ to test the 8400 area to close/open at 8600 which is at the mid point on the inner upward channel. On the chart we have placed a blue rectangle from price from January, where price is at at the moment although it screamed through it yesterday to move up so ‘freely’ again will have to pass through a fair bit of resistance to challenge the 9200 zone again.
Biggest Bitcoin Transaction of the Day
🚨 6,001 Bitcoin ($52,701,630 USD) transferred from Bitfinex ➡️ Unknown Wallet
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: With the double top broken well and truly eyes are on price within the upward channel as its past the 3/4 mark of the overall downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.4%
Approximate Bitcoin in Circulation: 18,354,463 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,645,538 BTC
Road to 21,000,000 Bitcoin Mined: 87.40%
Approximate Days Until Halving: 11-12 Days
Daily
Current Price: $8725 USD
Daily Change %:+1.12%
Market Cap: $159,786,608,740.00 USD
24 Hour Volume: $104,250,466,512 USD
Population of the World: ~7,781,409,600+ humans
Bitcoin/World Population: ~ 0.002358758109842 Satoshi’s / $20.58 per person
GOLD: $1690.23 USD +1.50 0.09% Gold has risen $1 USD within the day.
Bitcoin ‘GO LONG’ + $1000 USD Candle PrintBitcoin ‘GOLD 2.0’ Overview: Stating yesterday referring to the double top; ‘The pressure is building for a ‘pop’ top the upside to 8000’, well price blasted through the resistance which now is support to test the 3/4 line of the overall downward channel. However we saw a big push through that also to come to the close yesterday printing a +$1000 candle. This excitement will cause more volume in the market in the next couple of days as more will FOMO and the bulls will look to hold or take profit at certain levels. With 12-13 days until the halving the next major level in the way is 9200 and lets not for get the half way point from the All Time High at 9942.5, breaking this will add more confidence to the upside. Within the price range of 3000-12000 we’re still sitting within the accumulation zone, fireworks will start in the ‘Prime Time’ area (scroll to the right on the trading screen) of 12000 plus…
Biggest Bitcoin Transaction of the Day
🚨 5,000 Bitcoin ($41,648,814 USD) transferred from Unknown Wallet ➡️ Xapo
Support Levels: 8000
Resistance Levels: 9200 is the next resistance
Point of Interest: With the double top broken well and truly eyes are on price within the upward channel as its past the 3/4 mark of the overall downward channel.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64.9%
Approximate Bitcoin in Circulation: 18,352,750 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,647,250 BTC
Road to 21,000,000 Bitcoin Mined: 87.39%
Approximate Days Until Halving: 12-13 Days
Daily
Current Price: $8837 USD
Daily Change %:+13.47%
Market Cap: $162,027,253,375.00 USD
24 Hour Volume: $91,926,245,131 USD
Population of the World: ~7,781,175,000+ humans
Bitcoin/World Population: ~ 0.002358609078963 Satoshi’s / $20.84 per person
GOLD: $1710.22 USD -3.89 -0.23% Gold has fallen $3 USD within the day.
Bitcoin Daily Double Toppin Still at OPENBitcoin ‘GOLD 2.0’ Overview: The double top is still in play. Today’s daily open marks the 3rd day we are at the level. Although yesterdays candle closed lower there’s really nothing in it. The pressure is building for a ‘pop’ top the upside to 8000 although selling pressure could also drop this market back to 7400 support. It’s good to see almost 8 days of positive movement and with a retest of lower levels as long as price doesn’t break 6800 region then the structure is more bullish until a low is broken or a higher high doesn’t confirm. There’s around 13 days until the having so price action could have strength.
Biggest Bitcoin Transaction of the Day
🚨 2,433 Bitcoin ($18,837,432 USD) transferred from OKEx ➡️ Unknown Wallet
Support Levels: 7400 now switches to support
Resistance Levels: 8000 is the next resistance
Point of Interest: The orange circles signify the double top at play at the present moment. We’re watching to see if price breaks this or holds below and a retest of 7400.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.6%
Approximate Bitcoin in Circulation: 18,350,863 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,649,138 BTC
Road to 21,000,000 Bitcoin Mined: 87.39%
Approximate Days Until Halving: 13-14 Days
Daily
Current Price: $7764 USD
Daily Change %:+0.17%
Market Cap: $142,243,040,496.25 USD
24 Hour Volume: $50,714,063,431 USD
Population of the World: ~7,780,941,850+ humans
Bitcoin/World Population: ~ 0.002358437237261 Satoshi’s / $18.31 per person
GOLD: $1706.24 USD +1.27 +0.07% Gold has risen $1 USD within the day.
Bitcoin Daily Double Toppin Test & SinkBitcoin ‘GOLD 2.0’ Overview: This mornings close looked shaped up for a blast of the double top to test 8000. However since open we’ve dropped $80 from the high back to the weekly open. This is a good position for the bulls to push some more with a retest of some lower levels to build up some more pushing volume. For the sellers they’ll look to drop the market back to the 7400 mark. The double top is still in play.
Biggest Bitcoin Transaction of the Day
🚨 2,550 Bitcoin ($19,655,858 USD) transferred from Coinbase ➡️ Unknown Wallet
Support Levels: 7400 now switches to support
Resistance Levels: 8000 is the next resistance
Point of Interest: The orange circles signify the double top at play at the present moment. We’re watching to see if price breaks this or holds below and a retest of 7400.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64%
Approximate Bitcoin in Circulation: 18,349,188 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,650,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.38%
Approximate Days Until Halving: 13-14 Days
Daily
Current Price: $7688 USD
Daily Change %:-1.5%
Market Cap: $141,228,191,431.25 USD
24 Hour Volume: $55,542,393,080 USD
Population of the World: ~7,780,500,000+ humans
Bitcoin/World Population: ~ 0.002358355889724 Satoshi’s / $18.13 per person
GOLD: $1698.07 USD -27.34 -1.58% Gold has fallen $27 USD within the day.
Bitcoin Daily Double Toppin’Bitcoin ‘GOLD 2.0’ Overview: After a week of positive daily days being print we can see the Bitcoin market double topping at 7700 -7780 region. A break her to the upside will see price slam into the whole number and 8000 resistance. A break above 8000 will signal strength and 8500 will be the next target/sticking point to deal with. With 15 days approximately to go until the having you can see the drop from the 12th of march has been slowly regained upon.
Biggest Bitcoin Transaction of the Day
🚨 3,468 Bitcoin ($26,634,804 USD) transferred from OKEx ➡️ Unknown Wallet
Support Levels: 7400 now switches to support
Resistance Levels: 8000 is the next resistance
Point of Interest: the orange circles signify the double top at play at the present moment. We’re watching to see if price breaks this or holds below and a retest of 7400.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.7%
Approximate Bitcoin in Circulation: 18,347,388 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,652,613 BTC
Road to 21,000,000 Bitcoin Mined: 87.37%
Approximate Days Until Halving: 14-15 Days
Daily
Current Price: $7737 USD
Daily Change %:0.5%
Market Cap: $141,733,568,437.50 USD
24 Hour Volume: $55,542,393,080 USD
Population of the World: ~7,780,500,000+ humans
Bitcoin/World Population: ~ 0.002358124542125 Satoshi’s / $18.24 per person
GOLD: $1721.92 USD -6.56 -0.38% Gold has fallen $6.58 USD within the day.
Bitcoin Daily Doji PrintBitcoin ‘GOLD 2.0’ Overview: After yesterdays candle has closed as a dojo the following remains the same; …And a break to the upside we received with a $700 zoned candle opening the market today at 7500 level. Good to see strength here from Bitcoin to move out of the 7100-7400 zone , lets see if it keeps above this to test 8000. Or does ‘X’ mark the spot of the next retest of a price level being the mid point of the downward channel and upward trend line from the lows in the market.
Biggest Bitcoin Transaction of the Day
🚨 2000 Bitcoin ($15,045,250 USD) transferred from Binance ➡️ OKEx
Support Levels: 7400 now switches to support
Resistance Levels: 8000 is the next resistance
Point of Interest: “X’ markets the spot… The cross on the chart is our point t of interest for the next 2 days to see if price comes back and test this area of the weekly open.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.9%
Approximate Bitcoin in Circulation: 18,343,938 BTC
Approximate Bitcoin Mined Last 24hr: 1,800 BTC
Approximate Bitcoin Left to Mine: 2,656,063 BTC
Road to 21,000,000 Bitcoin Mined: 87.35%
Approximate Days Until Halving: 17-19 Days
Daily
Current Price: $7500 USD
Daily Change %:-0.09%
Market Cap: $137,279,916,323.90 USD
24 Hour Volume: $53,818,878,826 USD
Population of the World: ~7,780,069,727+ humans
Bitcoin/World Population: ~ 0.002357811516308 Satoshi’s / $17.68 per person
GOLD: $1729.05 USD +0.56 +0.03% Gold has risen $0.50 USD within the day.
Biggest Bitcoin Transaction of the Day
🚨 2,282 Bitcoin ($15,599,528 USD) transferred from OKEx ➡️ Unknown Wallet
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Bitcoin Respecting Triangle, After A Break;Bitcoin ‘GOLD 2.0’ Overview: Price opened at 7100 level rising within the triangle spoken of the last week. This triangle is a zone in price showing potential support and resistance areas and consists of the overall downward channel and the upper trend line from the inner downward channel. As the orange arrows depict this is the range in price Bitcoin has decided to respect. Now, Buyers can come here and travel through the mid point to test resistance at 7400. Buyers to show strength really need to break the swing high at 7220 area.
Biggest Bitcoin Transaction of the Day
🚨 2,004 Bitcoin ($13,762,605 USD) transferred from OKEx ➡️ Unknown Wallet
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price within the triangle depicted on the chart
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.5%
Approximate Bitcoin in Circulation: 18,340,200 BTC
Approximate Bitcoin Left to Mine: 2,659,800 BTC
Road to 21,000,000 Bitcoin Mined: 87.33%
Approximate Days Until Halving: 19-21 Days
Daily
Current Price: $7110 USD
Daily Change %:-0.31%
Market Cap: $130,814,550,060.76 USD
24 Hour Volume: $52,766,656,733 USD
Population of the World: ~7,779,600,000+ humans
Bitcoin/World Population: ~ 0.002357473391948 Satoshi’s / $16.76 per person
GOLD: $1710.64 USD -18.05 -1.04% Gold has fallen $18 USD within the day.
Bitcoin Doji’s (hopefully not for d.a.y.s...)Bitcoin ‘GOLD 2.0’ Overview: Todays open is back on ‘that line’ after yesterday’s print of the daily doji. The longer we stay in this position the heavier this market looks. A break below the trend line (which will be back into the inner downward channel) will show that we are back in a bearish settlement and for buy pressure the market will need to stay above 6500 otherwise a test of 6400 support will come and a break below that’ll shape this market to go south. Our eyes are watching price action within this triangle (point of interest).
Biggest Bitcoin Transaction of the Day
🚨 2,282 Bitcoin ($15,599,528 USD) transferred from OKEx ➡️ Unknown Wallet
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price within the triangle depicted on the chart
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.5%
Approximate Bitcoin in Circulation: 18,338,913 BTC
Approximate Bitcoin Left to Mine: 2,661,088 BTC
Road to 21,000,000 Bitcoin Mined: 87.33%
Approximate Days Until Halving: 20-22 Days
Daily
Current Price: $6862 USD
Daily Change %:-0.19%
Market Cap: $125,823,278,662.50 USD
24 Hour Volume: $31,838,298,002 USD
Population of the World: ~7,779,414,200+ humans
Bitcoin/World Population: ~ 0.002357364260152 Satoshi’s / $16.17 per person
GOLD: $1682.62 USD +4.47 +0.27% Gold has risen $4 USD within the day.
Bitcoin Triangle Love / 3 Weeks Until HalvingBitcoin ‘GOLD 2.0’ Overview: Yesterday we wrote ‘Indicated on the chart is an orange triangle where if price doesn't break the midpoint this will be the trading range and thus will consume price for the following days if not weeks if price is to progressively fall.’ As we can see price tested the 7200 region yet couldn’t penetrate and break although buyers did push considerably. Within a few hours we saw price drop to the bottom of the trend line with selling pressure as this acted as an area of support with todays daily candle opening at 6900 region
Biggest Bitcoin Transaction of the Day
🚨 3,873 Bitcoin ($27,863,911 USD) transferred from Coinbase ➡️ Unknown Wallet
Support Levels: 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price within the triangle depicted on the chart
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.4%
Approximate Bitcoin in Circulation: 18,336,775 BTC
Approximate Bitcoin Left to Mine: 2,663,225 BTC
Road to 21,000,000 Bitcoin Mined: 87.32%
Approximate Days Until Halving: 21-23 Days
Daily
Current Price: $6909 USD
Daily Change %:-1.05%
Market Cap: $126,152,362,151.79 USD
24 Hour Volume: $37,943,474,801 USD
Population of the World: ~7,779,162,480+ humans
Bitcoin/World Population: ~ 0.002357165703524 Satoshi’s / $16.28 per person
“Every Professional Trader knows that you have to absolutely have a personal life that’s simple and a trading life that mirrors your personal life and vice versa.”
GOLD: $1689.10 USD -12.50 -0.73% Gold has fallen $12 USD within the day.
Bitcoin Mid Point Flirting Bitcoin ‘GOLD 2.0’ Overview: Bitcoin saw a push down in price from the mid point of the downward channel down to 7100. Todays open although a drop to could see price retest the midpoint area around the 7200 mark, noting if respected on the daily it will continually have a reducing value (For support and resistance areas). For strength price needs to move up above the midpoint to the 7400 area and create a double top and break above. Indicated on the chart is an orange triangle where if price doesn't break the midpoint this will be the trading range and thus will consume price for the following days if not weeks if price is to progressively fall. Above this and we may see a break to the upside with a pop.
Support Levels : 6400 is Support
Resistance Levels: Next major horizontal resistance is 7400/ Also mid point of the downward channel
Point of Interest: Watching price along the Mid point of the downward channel as well as price in the triangle trading range.
🐃Bulls Verse Bears 🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.4%
Approximate Bitcoin in Circulation: 18,334,725 BTC
Approximate Bitcoin Left to Mine: 2,665,275 BTC
Road to 21,000,000 Bitcoin Mined: 87.31%
Approximate Days Until Halving: 22-24 Days
Daily
Current Price: $7178.7 USD
Daily Change %:0.64%
Market Cap: $131,333,027,295.47 USD
24 Hour Volume: $31,200,856,643 USD
Population of the World: ~7,778,942,250+ humans
Bitcoin/World Population: ~ 0.00235696890538 Satoshi’s / $16.92 per person
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso
GOLD: $1675.51 USD -13.69 -0.81% Gold has fallen $13 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,395 Bitcoin ($24,555,625 USD) transferred from OKEx ➡️Unknown Wallet
