Bitcoin Weekly Candle - Need Strength Or Sub 7400 Incoming:

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Bitcoin ‘GOLD 2.0’ Overview: A lot of financial markets falling it’s been an interesting last few weeks, We see BTC fall in value also (this far). We zoom out to the weekly chart to see some defining points. If this is the 5th week of downward momentum then BTC has to show some strength or at the very least consolidation for a week or two. There's some support @ 7700 although a break of 7400 would put bitcoin in an area of weakness.

This weeks weekly candle is key and price needs to hold above 7800 to get back up into the moment we had in January. The question remains if Feb/March price action wipes out the January move then with 60 days into the having you’d assume we stay at these levels.

Support Levels: Next support is at 7700

Resistance Levels: 8000 is currently resistance

Point of Interest: Direction and close of this weekly candle. 4 weeks of downward pressure wiping out Januaries gains.

🐃Bulls Verse Bears🐻
Bullish above 10500
Bearish below 6500

Bitcoin to Date:
Overall
Approximate Bitcoin Dominance: 63.7%
Approximate Bitcoin in Circulation: 18,262,650 BTC
Approximate Bitcoin Left to Mine: 2,737,350 BTC
Road to 21,000,000 Bitcoin Mined: 86.97%
Approximate Days Until Halving: 62-64 Days

Daily
Current Price: $7930 USD
Daily Change %: -0.47%
Market Cap: $145,513,142,670.00 USD
24 Hour Volume: $46,662,732,267 USD
Population of the World: ~7,769,806,890+ humans
Bitcoin/World Population: ~ 0.002350463822145 Satoshi’s / $18.63 USD per person

Trading Quote
“Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite

GOLD: $1668.21 USD -6.29 -0.44% Gold has fallen $6 USD within the day.

Biggest Bitcoin Transactions of the Day
🚨 1,425 Bitcoin ($11,296,915 USD) transferred from Coinbase ➡️ OKEx