Quick outer overview and then more into the nitty gritty;
Outer Perspective P action has fallen to 9088 settling below the outer downward channel and below 10k / ATH half way price point.
Zoomed in More detail in the area of interest on here, simply depicting the outer into the inner
Inner Perspective (Daily Chart) Focusing on the upward channel with this P action drop regardless of close we’ve formed the 4th touch on the channel. This is positive however a close on the daily and open above 9200 is needed to lock this positivity in.
Area of Interest At present this market needs to get up to the 9200 level for strength or at least do it in the first few hours of open to save lost territory. Bears will be licking their lips in this area. To the left of screen the consolidation area is looming and P action doesn’t want to get sucked into this zone. Looks more bearish with the struggle from the high, unless the buyers can push above 9200 today. A break of this upward channel could transpire. If 8800 is hit D…O….W…N side imminent 🐻
📈Support & Resistance📉* Support Levels 1st Support Zone: 8792.4 2nd Support Zone: 8364.4 3rd Support Zone: 7883.0
Price Level Consideration Approximate Days Until Halving: 1370 Days (Pending Timezone / Blocks Mined) All Time High Half Way Point: 9942.5 Prominent High: 13767.4 Prominent Low: 3994.1
Bitcoin to Date Daily Current Price: $9119 USD Daily Change %: -4.03% Market Cap: $175,729,639,480.51 USD 24 Hour Volume: $36,414,841,876 USD Population of the World: ~7,786,000,000+ humans Today’s Bitcoin Total / World Population: ~ 0.002360993321346 Satoshi’s / $21.52 USD per person
Overall Approximate Bitcoin in Circulation: 18,382,694 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,617,306 BTC Road to 21,000,000 Bitcoin Mined: 87.54% Current Bitcoin Dominance: 67.66%
—————————————————————————————————— *📈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.