Bitcoin Weekly Chart Holding Upward Channel/Reject Double Top

Bitcoin ‘GOLD 2.0’ Overview: At the open of the weekly candle we see that bitcoin last week created a double top around the 10500 mark but couldn’t punch through. Price dropped to a low of 9600 before retracing and opening at 9900 region. If this channel can hold this week it means the bulls have strength although they are skating on thin ice being below 10k here. The halving is less than 90 days away and should be factored into your outlook of price action. A break above the double top would sign bulls are in control and 10800-11200 could transpire. However this would have to happen in the next two weeks. Stranger things have happened. In the meantime we are eating for price to dictate its move and we’ll move to the daily’s tomorrow to see where the confidence between the bulls and the bears is.

Support Levels: 9500 is the next major support

Resistance Levels: 10000 is the big whole number and magnet zone price needs to push through again.

Channel of Interest (marked with the yellow channel box) Channel is ‘still’ holding at present. Todays price action will be interesting to watch. We still have the rejected double top and are just holding this channel. Awaiting price action to dictate currently.

🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500

Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63%
Approximate Bitcoin in Circulation: 18,221,325 BTC
Approximate Bitcoin Left to Mine: 2,778,675 BTC
Road to 21,000,000 Bitcoin Mined: 86.77%
Approximate Days Until Halving: 84-86 Days

Daily
Current Price: $9889.00 USD
Daily Change %: -0.38%
Market Cap: $180,573,330,750.00 USD
24 Hour Volume: $43,305,204,730 USD
Population of the World: ~ 7,764,917,000+ humans
Bitcoin/World Population: ~ 0.002346621992225 Satoshi’s / $23.20 USD per person

Trading Quote
“The four most dangerous words in investing are: This time it's different.” - Sir John Templeton

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