Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club
Hello everyone and welcome to everyone at Tron Fan Club. On this weekend, we will focus on BTC. The main crypto token as people like to label it. Last week wasn't particularly good for BTC. For the most part, it lost value. It had a steep crash, though some recovered. Overall a bad week for BTC and the market in general.
Last Saturday BTC was being traded at 43000$. Then in the first hours of 15th January BTC went down under 42000$. It quickly regained though. In this reversal, there was a new high just surpassing 43000$, near 43500$. Late into 16th January BTC again fell near 42000$ and again BTC gained more because this time BTC posted a weekly high of 43500$. All was going relatively well.
Things went wrong afterward. Over the next couple of days, BTC bled to some 42500$. The problem happens right afterward. The crash takes it down to 41000$ at first. Then after a day, it goes further down to 40000$. Thankfully 40000$ was a very good support barrier so BTC bounced back to gain some of the lost value.
The momentum took BTC over 42000$. Then as it stabilized, it was hovering near 40500$. It is still being rated at a place between 40750$ and 41500$. Not even a month ago BTC was touching 48000$. It's quite a fall from grace, but we hope it will bounce back again.
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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Your article is very good. Nicely explained about BTC Value Per Coin Analysis. I hope you write articles like this in the future.Thank you.
In 2030,My BTC price prediction say,
1 bitcoin=min 100000$
Average 115000-150000$
Highly 200000-250000$
Good to see that you have clearly explained the BTC value according to moving charts. Keep writing such valuable articles here.