Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club
Hello everyone and welcome to everyone at Tron Fan Club. To our delight, the market has seen some positive signs over the past few weeks. Throughout the market, there have been uptrends. But a correction and some consolidation became inevitable. And it is no different for BTC as well. So, we saw BTC fluctuate a lot under the strong resistance zone. Today we will look at the price movements of BTC and reflect on where it could go next.
Last week, the King of Cryptocurrencies, BTC was hovering around 64700$ level. BTC was on uptrend for weeks. But these last few weeks were a bit different. BTC tried to go up but failed. Which resulted into BTC's price correction. From the very first day of the week, BTC was following the bullish trendline (shown above).
After getting rejected at the 67200$ zone, BTC lost the support of that trendline. So, BTC fell quickly and came down to 62400$. However, it bounced back in an instant. These moves created a new bearish trendline overtime. Ater bouncing back at the support level, it eventually broke through the trendline. Currently, it clear that BTC needs to hold onto the support level of 62400$ zone and break-through 67200$ level. It is now at 63800$. This is ultimately a 1.4% lose in value over a time span of seven days.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
Thank You for reading.
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In the current weeks, BTC experienced variations, diving to $59600 prior to bouncing back to $63800. In spite of producing a bearish trendline, it appeared as well as currently floats around $65000. It's important for BTC to keep the $59600 assistance as well as go beyond $65200. Presently, it shows a 3% loss in 7 days.
https://twitter.com/Arsalaan00070/status/1784668702690124133?t=Z7oYr0Mpqw12U4ilYBgXzw&s=19