Bitcoin Downward SQUEEEEEEZE
Bitcoin ‘GOLD 2.0’ Overview: Well, here we are…. Price currently @ 8560 after a lick above 8760 and then a settle down. Bears keep pushing down, but no break as yet. Our eyes and focus are on price action within this triangle. As previous days price action needs to dictate a push and this squeeze can’t go on forever and needs to pop/bounce.
This market looks more heavier then a bounce to the upside, if a break of the support @ 8400 then 8000 is the next level of support. A bounce has to push through 9100 resistance plus the the bottom line of the bottom trend line.
So… HERE… WE…. GO !!!
Support Levels: 8400 is Support
Resistance Levels: 9100 turns back into the Resistance area
Channel of Interest (marked with the yellow rectangle) STILL REMAINS: The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. Also As stated above we are watching price action within the Orange Triangle.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64%
Approximate Bitcoin in Circulation: 18,247,050 BTC
Approximate Bitcoin Left to Mine: 2,752,950 BTC
Road to 21,000,000 Bitcoin Mined: 86.89%
Approximate Days Until Halving: 70-72 Days
Daily
Current Price: $8555 USD
Daily Change %: -0.01%
Market Cap: $156,231,242,100.00 USD
24 Hour Volume: $34,940,511,782 USD
Population of the World: ~7,768,034,920+ humans
Bitcoin/World Population: ~ 0.002348991757622 Satoshi’s / $20.09 USD per person
Trading Quote
“The four most dangerous words in investing are: This time it's different.”- Sir John Templeton
GOLD: $1600 USD +40.09 +2.56% Gold has risen $40 USD within the day.
Biggest Bitcoin Transactions of the Day
🐋 601 Bitcoin ($5,145,361 USD) transferred from Binance ➡️ OKEx
This market looks more heavier then a bounce to the upside, if a break of the support @ 8400 then 8000 is the next level of support. A bounce has to push through 9100 resistance plus the the bottom line of the bottom trend line.
So… HERE… WE…. GO !!!
Support Levels: 8400 is Support
Resistance Levels: 9100 turns back into the Resistance area
Channel of Interest (marked with the yellow rectangle) STILL REMAINS: The channel is broken to the downside, we will be leaving this here as now the base line acts as a trend line for price to use as resistance. If price moves back within this channel the pressure is still down until the top has been broken through by price. Also As stated above we are watching price action within the Orange Triangle.
🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 64%
Approximate Bitcoin in Circulation: 18,247,050 BTC
Approximate Bitcoin Left to Mine: 2,752,950 BTC
Road to 21,000,000 Bitcoin Mined: 86.89%
Approximate Days Until Halving: 70-72 Days
Daily
Current Price: $8555 USD
Daily Change %: -0.01%
Market Cap: $156,231,242,100.00 USD
24 Hour Volume: $34,940,511,782 USD
Population of the World: ~7,768,034,920+ humans
Bitcoin/World Population: ~ 0.002348991757622 Satoshi’s / $20.09 USD per person
Trading Quote
“The four most dangerous words in investing are: This time it's different.”- Sir John Templeton
GOLD: $1600 USD +40.09 +2.56% Gold has risen $40 USD within the day.
Biggest Bitcoin Transactions of the Day
🐋 601 Bitcoin ($5,145,361 USD) transferred from Binance ➡️ OKEx
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