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.
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.
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