Double Topping,10400/10500 Resistance In The Way

15. Feb. 2020

Bitcoin ‘GOLD 2.0’ Overview: Around a $350 dollar move within the range of 10k and 10.3K over the last 24hours. We are very much in the middle of this upper channel. Take note of the purple trend lines, we had a projection last week of this with this one getting tighter. The bulls need to show some strength to defeat this double top, retrace, bounce and then potentially could test the trend line that was formed from the all time highs in 2017. Yes, we are talking that language again. This is awesome price action and above the high of October (10500) we are solidly bullish, however it needs to get there first. On the downside price could trickle in the short term to 10100 and if bears come in to play the next major would be around 9800, although the 10k magnet would likely stall market.

Support Levels: 10,000 is now support as we have broken through

Resistance Levels: 10,400 next level of resistance

Channel of Interest (marked with the yellow channel box) Channel is holding, we are seeing more stable price movement to the upside within this trading range

🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500

Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 61.0%
Approximate Bitcoin in Circulation: 18,217,738 BTC
Approximate Bitcoin Left to Mine: 2,782,263 BTC
Road to 21,000,000 Bitcoin Mined: 86.75%
Approximate Days Until Halving: 86-88Days

Daily
Current Price: $10326 USD
Daily Change %: -0.09%
Market Cap: $188,571,800,862.50 USD
24 Hour Volume: $43,459,588,441 USD
Population of the World: ~ 7,764,470,000+ humans
Bitcoin/World Population: ~ 0.002346295110935 Satoshi’s / $24.22 USD per person

Trading Quote
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones

GOLD: $1,583.89 USD +1.19 +0.08% Gold has risen $1 USD within the day.

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