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
