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 67800$ level. BTC was on downtrend for weeks. But this week was a bit different. In this weeks, BTC fluctuated a lot under the strong resistance zone of 72000$. At the started of the week, BTC had a break-through. Due to breakthrough, BTC went across the 68500$ level, which was clearly a strong resistance zone
After the break-through, BTC started vertical movement to the upside. But soon, it got rejected at 72000$. After getting rejected at the 72000$ zone, BTC lost its momentum and started falling very quickly. So it fell through 70000$. However, it bounced back in an instant at 68500$. These events happended mainly because of the bearish trend that was created. Currently, it clear that BTC needs to hold onto the support level of 68500$ zone. It alsp needs to break 72000$. It is now at 69600$. This is ultimately a 2.5% gain 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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It's an interesting technical chart and analysis for Bitcoin price. It's hard to say if the prediction will go as stated but let's see how it goes