A 24 hour volume increase of an added 3.9 Billion has seen the orders flow in favour of the bulls to punch them through the trend line denoted in yesterdays write up. Todays daily open will see P action around 9400 which is at the base of the consolidation area above current price. For Strength this momentum needs to continue over the next 24 hours to break the swing high and find some middle group in dominance.
Resistance of ATH Trend line and 10k above with 9700 being the next resistance place for a stall. Of course price could falter and sink back to its last 2 weeks consolidation zone. Watching volume today as with other major markets pushing also in the last 24hours.
Happy Trading
Bitcoin to Date Daily Current Price: $9402.1 USD Daily Change %: +2.43% Market Cap: $173,195,472,281.25 USD 24 Hour Volume: $17,951,030,116 USD Population of the World: ~7,799,416,600+ humans Today’s Bitcoin Total / World Population: ~ 0.002364123106336 Satoshi’s / $22.22 USD per person
Overall Approximate Bitcoin in Circulation: 18,438,781 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,561,219 BTC Road to 21,000,000 Bitcoin Mined: 87.80%
Current Bitcoin Dominance: 64.08%
📈Support & Resistance📉* Support Levels 1st Support Zone: 8963.6 2nd Support Zone: 8666.7 3rd Support Zone: 7840.4
Price Level Consideration Approximate Days Until Halving: 1387 Days (Pending Timezone / Blocks Mined) All Time High Half Way Point: 9942.5 Prominent High: 13767.4 Prominent Low: 3994.1
—————————————————————————————————— *📈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.
Created & published by Des Landen Landen International