Bitcoin Rise - Just Not Out Of The Woods Yet, Perch Sitting
Bitcoin has broken out of the consolidation area to the top of the triangle (perch), however not out of the woods just yet;
Outer Perspective (Monthly / Weekly Chart)
From the naked chart purely looking at P action Bitcoin looks to make a push to the 10k / half way area being ~ $600 away.
Monthly:
Weekly:
Inner Perspective (Daily Chart)
Daily candle opened above the outer downward channel upper trend line and ‘in the mix TL’ (subtle trend line from the highs concentrating on body rather than full candle price range) As Bitcoin is staying perched above here enjoying the view before thinking about penetrating the higher summits again. The Inner Upward channel shows P action at the 50% mid point.
Area of Interest
A clear view of where price is with bulls pushing and being defensive to open at this level, currently holding strong. For strength this level needs to hold and not falter back below as will show weakness and bears could prey. Bulls need to push harder into Mondays Open to print the weekly at these levels or above. Over 10k would be ideal for strength. Just don’t want bears to come in and dump as the bulls that got liquidated prior will extend their already open wound as a majority have not recovered.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8970.5
2nd Support Zone: 8441.6
3rd Support Zone: 8159.3
Resistance Levels:
1st Resistance Zone: 9567.4
2nd Resistance Zone: 9987.7
3rd Resistance Zone: 10434.0
Price Level Consideration
Approximate Days Until Halving: 1374 Days Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8721.5
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9322.5 USD
Daily Change %: +4.74%
Market Cap: $171,139,078,413.31 USD
24 Hour Volume: $70,651,723,382 USD
Population of the World: ~7,784,290,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360757243114 Satoshi’s / $22.00 USD per person
Overall
Approximate Bitcoin in Circulation: 18,376,819 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,623,181 BTC
Road to 21,000,000 Bitcoin Mined: 87.51%
Current Bitcoin Dominance: 68.35%
Biggest Bitcoin Transaction of the Day**
1.🚨4,735 Bitcoin ($44,269,113 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨4,408 Bitcoin ($39,757,267 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨4,275 Bitcoin ($39,904,253 USD) transferred from Binance ➡️ Unknown Wallet
Largest Cryptocurrency Transaction Today:
🚨🚨4,735 Bitcoin ($44,269,113 USD) transferred from Binance ➡️ Unknown Wallet🚨🚨
Gold***: $1,718.03 USD +$1.09 +0.02%
Silver***: $15.57 USD +0.00 +0.00%
——————————————————————————————————
*📈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.
Outer Perspective (Monthly / Weekly Chart)
From the naked chart purely looking at P action Bitcoin looks to make a push to the 10k / half way area being ~ $600 away.
Monthly:
Weekly:
Inner Perspective (Daily Chart)
Daily candle opened above the outer downward channel upper trend line and ‘in the mix TL’ (subtle trend line from the highs concentrating on body rather than full candle price range) As Bitcoin is staying perched above here enjoying the view before thinking about penetrating the higher summits again. The Inner Upward channel shows P action at the 50% mid point.
Area of Interest
A clear view of where price is with bulls pushing and being defensive to open at this level, currently holding strong. For strength this level needs to hold and not falter back below as will show weakness and bears could prey. Bulls need to push harder into Mondays Open to print the weekly at these levels or above. Over 10k would be ideal for strength. Just don’t want bears to come in and dump as the bulls that got liquidated prior will extend their already open wound as a majority have not recovered.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8970.5
2nd Support Zone: 8441.6
3rd Support Zone: 8159.3
Resistance Levels:
1st Resistance Zone: 9567.4
2nd Resistance Zone: 9987.7
3rd Resistance Zone: 10434.0
Price Level Consideration
Approximate Days Until Halving: 1374 Days Pending Timezone
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 8721.5
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9322.5 USD
Daily Change %: +4.74%
Market Cap: $171,139,078,413.31 USD
24 Hour Volume: $70,651,723,382 USD
Population of the World: ~7,784,290,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360757243114 Satoshi’s / $22.00 USD per person
Overall
Approximate Bitcoin in Circulation: 18,376,819 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,623,181 BTC
Road to 21,000,000 Bitcoin Mined: 87.51%
Current Bitcoin Dominance: 68.35%
Biggest Bitcoin Transaction of the Day**
1.🚨4,735 Bitcoin ($44,269,113 USD) transferred from Binance ➡️ Unknown Wallet
2.🚨4,408 Bitcoin ($39,757,267 USD) transferred from Binance ➡️ Unknown Wallet
3. 🚨4,275 Bitcoin ($39,904,253 USD) transferred from Binance ➡️ Unknown Wallet
Largest Cryptocurrency Transaction Today:
🚨🚨4,735 Bitcoin ($44,269,113 USD) transferred from Binance ➡️ Unknown Wallet🚨🚨
Gold***: $1,718.03 USD +$1.09 +0.02%
Silver***: $15.57 USD +0.00 +0.00%
——————————————————————————————————
*📈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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.