The Question Is Bitcoin Bottom Or More Downside |
Bitcoin ‘GOLD 2.0’ Overview: Last four days we’ve seen bitcoin print 4 positive days moving in a range of $2000 from 5k-7k. However is this strength over all? Next week will be very telling to the direction of the market. We are seeing more flow into OTC orders with fresh clients and some flicking to tether,
Market structure the resistance at 6400 from the low at the 18th of Dec is a pivotal point to brake and rise above. If bitcoin can do that next week and move to the centre of the channel this will show positive strength.
Most likely if world markets fall bitcoin will take a hit. ?If market breaks 5000k to the downside will change the overall structure of this current market.
We are still looking for bitcoin to pass through the centre of the downward channel to look for longer timeframe bullish signal.
Support Levels: 6100 flips to support
Resistance Levels: 7400 is the next major resistance
Point of Interest: Price action within the downward channel.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.2%
Approximate Bitcoin in Circulation: 18,279,388 BTC
Approximate Bitcoin Left to Mine: 2,721,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.04%
Approximate Days Until Halving: 53-55 Days
Daily
Current Price: $6250 USD
Daily Change %: 0.70%
Market Cap: $113,840,369,472.50 USD
24 Hour Volume: $54,307,007,190 USD
Population of the World: ~7,772,266,239+ humans
Bitcoin/World Population: ~ 0.002351873628348 Satoshi’s / $14.69 USD per person
Trading Quote
You learn in this business… if you want a friend, get a dog. - Carl Icahn
GOLD: $1498.38 USD +14.38 +0.97% Gold has risen $14 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,003 Bitcoin ($18,522,102 USD) transferred from Gemini ➡️ Unknown wallet
Market structure the resistance at 6400 from the low at the 18th of Dec is a pivotal point to brake and rise above. If bitcoin can do that next week and move to the centre of the channel this will show positive strength.
Most likely if world markets fall bitcoin will take a hit. ?If market breaks 5000k to the downside will change the overall structure of this current market.
We are still looking for bitcoin to pass through the centre of the downward channel to look for longer timeframe bullish signal.
Support Levels: 6100 flips to support
Resistance Levels: 7400 is the next major resistance
Point of Interest: Price action within the downward channel.
🐃Bulls Verse Bears🐻
WE ARE BEARISH
Bullish above 10500
Bearish below 6500
Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 65.2%
Approximate Bitcoin in Circulation: 18,279,388 BTC
Approximate Bitcoin Left to Mine: 2,721,813 BTC
Road to 21,000,000 Bitcoin Mined: 87.04%
Approximate Days Until Halving: 53-55 Days
Daily
Current Price: $6250 USD
Daily Change %: 0.70%
Market Cap: $113,840,369,472.50 USD
24 Hour Volume: $54,307,007,190 USD
Population of the World: ~7,772,266,239+ humans
Bitcoin/World Population: ~ 0.002351873628348 Satoshi’s / $14.69 USD per person
Trading Quote
You learn in this business… if you want a friend, get a dog. - Carl Icahn
GOLD: $1498.38 USD +14.38 +0.97% Gold has risen $14 USD within the day.
Biggest Bitcoin Transactions of the Day
🚨 3,003 Bitcoin ($18,522,102 USD) transferred from Gemini ➡️ Unknown wallet
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