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 has puzzled everyone. The volatility was at peak last week. Let's take a look at the King of Cryptocurrencies, Bitcoin's performance in the last seven days.

With a slow start, the week soon turned out to be full of actions. We started by hovering just above the 26800$ region. As we analysed the chart previous week, BTC was on the verge of a make or break point. Luckily, BTC broke through the resistance level around 27000$.

After a successful retest, BTC just skyrocketed. There was a big green candle touching the strong resistance of 30000$. Then, BTC retraced back and consolidated for a while. A week long bullish trendline was created.

Currently BTC is in crucial level as there seems like a trendpoint ahead of it. The bullish line was forming for almost a week, whereas the resistance level is a historical one. BTC needs to hold onto the trendline and break the resistance level with a successful retest. If BTC can break the resistance at 31000$, there will be endless possibilities ahead of it.

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All Screenshots are taken from Binance

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Nobody knows what's coming next. We may fluctuate between the confirmed support level and resistance for a while, which are 29500$ and 31000$ 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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