Bears Push Bitcoin Back

12 Jun 2020

P action closing -6.44% lower at Fridays open. Below price action finds Bitcoin going to have to come up with a lot of enforcers to push the bulls back through this to battle 10k. If bears hold position and push a little to the perch of the downward channel this could see a further drop over the weekends trading when other markets have closed. P action doesn’t want to get into the previous consolidation suck. ATH Trend Line creeping lower with each daily print, when gets under 10k a bigger zone of contention.



Happy Trading :)

Bitcoin to Date
Daily
Current Price: $9263.5 USD
Daily Change %: -6.44%
Market Cap: $170,897,980,950.00 USD
24 Hour Volume: $30,150,252,165 USD
Population of the World: ~7,790,730,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002362018706848 Satoshi’s / $21.88 USD per person

Overall
Approximate Bitcoin in Circulation: 18,401,850 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,598,150 BTC
Road to 21,000,000 Bitcoin Mined: 87.62%

Current Bitcoin Dominance: 66.37%



📈Support & Resistance📉*
Support Levels
1st Support Zone: 9170.7
2nd Support Zone: 8666.7
3rd Support Zone: 7840.4

Resistance Levels:
1st Resistance Zone: 9889.2
2nd Resistance Zone: 10285.8
3rd Resistance Zone: 10781.2



Price Level Consideration
Approximate Days Until Halving: 1428 Days (Pending Timezone / Blocks Mined)
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: 9447.2
Weekly Open: 9749.5



Current Price Zone: ACCUMULATION ZONE


Biggest Bitcoin Transaction of the Day**
1. 🚨2,248 BTC ($21,950,998 USD) transferred from Coinfloor ➡️ Unknown wallet 🚨
2. 🚨2,100 BTC ($20,335,712 USD) transferred from Unknown wallet ➡️ Binance 🚨
3. 🚨1,300 BTC ($12,204,570 USD) transferred from Unknown wallet ➡️ Binance 🚨

Largest Cryptocurrency Transaction Today:
🚨 🚨2,248 BTC ($21,950,998 USD) transferred from Coinfloor ➡️ Unknown wallet 🚨 🚨

Gold***: $1,729.95 USD +0.21 +0.01%
Silver***: $17.70 USD +0.02 +0.10%

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*📈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