Bitcoin Overview: With the opening of todays candle the bears may take control and push downwards. Support may hold at 8650 with added strength from the upward trendline, we could see price consolidate for a day finding a safe haven in price as of 3-6 days ago. If support fails a pop to 8200 could be in play.
Support Levels: $8500-8650 still shows an area of solid support to protect the bulls from a bearish onslaught
Resistance Levels: $9000 has price showing its ceiling and rejection at this point in time.
Circle/s of Interest: If price breaks below the trend line and the support at 8650 we may see the bears take control to the 8200 region
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Gold: Gold is currently holding steadily with a 0.14% gain over the last 24 hours.
As always we are keeping our eyes on overall global economic sentiment and the reaction in the Bitcoin/Cryptocurrency, Gold and Silver markets.
We’d like to make reference to some larger wallet transfers also within exchanges over the past 24 hours, we factor this to the list of potential exchange fluctuations:
🐋 2,009 BITCOIN ($17,102,480 USD) transferred from Coinfloor ➡️ unknown wallet
🐋 1,471 BITCOIN ($12,658,709 USD) transferred from Binance ➡️ unknown wallet
🐋 1,000 BITCOIN ($8,686,127 USD) transferred from Bitfinex ➡️ unknown wallet
🐋 700 BITCOIN ($6,019,661 USD) transferred from unknown wallet ➡️ Binance
🐋 674 BITCOIN ($5,822,356 USD) transferred from unknown wallet ➡️ Binance
Support Levels: $8500-8650 still shows an area of solid support to protect the bulls from a bearish onslaught
Resistance Levels: $9000 has price showing its ceiling and rejection at this point in time.
Circle/s of Interest: If price breaks below the trend line and the support at 8650 we may see the bears take control to the 8200 region
_____________________________________________________________
Gold: Gold is currently holding steadily with a 0.14% gain over the last 24 hours.
As always we are keeping our eyes on overall global economic sentiment and the reaction in the Bitcoin/Cryptocurrency, Gold and Silver markets.
We’d like to make reference to some larger wallet transfers also within exchanges over the past 24 hours, we factor this to the list of potential exchange fluctuations:
🐋 2,009 BITCOIN ($17,102,480 USD) transferred from Coinfloor ➡️ unknown wallet
🐋 1,471 BITCOIN ($12,658,709 USD) transferred from Binance ➡️ unknown wallet
🐋 1,000 BITCOIN ($8,686,127 USD) transferred from Bitfinex ➡️ unknown wallet
🐋 700 BITCOIN ($6,019,661 USD) transferred from unknown wallet ➡️ Binance
🐋 674 BITCOIN ($5,822,356 USD) transferred from unknown wallet ➡️ Binance