Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club
Hello everyone and welcome to everyone at Tron Fan Club. With the recent movements from Bitcoin, it seems like the bull market is just around the corner. As weeks are passing by, we are getting closer to the halving. Let's take a look at the King of Cryptocurrencies, Bitcoin's performance in the last seven days.
It was another less volatile week. Just like the previous two weeks, BTC only moved 1%. This stability maybe fueling something special. We are around the 30000$ zone for too long. Breaking either side of the range may make BTC volatile again.
The week started with Bitcoin at 29330$ per coin. The first two days were very stable for BTC. However, on the third day, BTC started making some moves. At first, it fell down to 29050$ and bounced right back. BTC, still, continued to move downwards. It eventually fell through the support level at 29050$.
After losing the support level, BTC started to fluctuate. After a while, it gave a quick visit to 28600$. But after that event, the bounce was really astonishing. BTC even regained the support level. Not did BTC only cross it, even went straight up to 30000$, a strong resistance level. But sadly, it got rejected badly at that level.
After getting rejected, BTC started to fall and the fall happened very quick. Soon enough, BTC came down to the crucial level around 29050$. It bounced several times from that level. Recently, BTC fell through that line again and instantly recovered. However, BTC is still hovering around this level.
All Screenshots are taken from Binance
Nobody knows what's coming next. We may fluctuate between the confirmed support level and resistance for a while, which are 28800$ and 30000$ respectively. The news from outside world may direct BTC to where it would go next.
Market is very volatile right now as it has always been. So, if you are investing or trading, be always cautious. No words from this article should be taken as financial advice.
Thank You for reading.
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It was a very nice analysis. I am waiting for big pump of bit coin.
We all are waiting! Thank you for passing by and the appreciation.