Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club
Hello everyone and welcome to everyone at Tron Fan Club. This week looked to be promising for BTC. But that didn't last long enough. What looked like a route to recovery, now is down again. We today reflect on BTC's last 7 days' price movements.
A week ago BTC was being traded at 44000$. Which went towards 43000$ briefly before going all the way up to 47000$. This mark would act as a resistance for a couple of days.
As for the occasion when BTC tried for 48000$, the reversal was slow but severe. BTC almost came back to the point where it was at the beginning of the week. BTC came back to 44300$. But then it immediately went up again. This time again bumping into the 47000$ barrier. Finally, after 2-3 trials over the week, BTC managed to reach 49000$ at its peak.
This is the highest BTC has ever come in a long, long time. But the reversal was very swift this time. Not only did BTC come down to 47000$ territory for the time being, but it also kept slipping down in value, 12th December was all about BTC losing a lot of ground. At its lowest, BTC touched 41500$.
BTC is currently being traded at the 42800$ area. On a week's average, it's a loss but now we can expect more from BTC in the near future.
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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Great analysis you have shared here on the price of bitcoin usd, well hope the future is bright for bitcoin and cryptocurrencies in general
interesting article, in the past few days btc seemed to be increasing, but now the price of btc looks lower than before, will btc slide to the previous price.