Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club

arsalaan (75)in Tron Fan Club • last year

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.

With a slow start, the week soon turned out to be full of actions. However, the volatility was relatively low. BTC remained almost around the same level. Over the span of seven days, BTC moved only 1.3%.

The week started with Bitcoin at 29040$ 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 28700$ and bounced right back. What BTC did after that was really surprising.

BTC, bouncing from 28700$, went straight up to the resistance level of 29330$ and even broke through that. After that solid breakthrough, a pump came very quickly. But sadly, the pump was not strong enough to break through 30300$, a strong resistance level.

After getting rejected, BTC started to fall. After a while, BTC tapped that resistance level again. But there was no outcome. Soon enough, BTC came down to the crucial level around 29350$. It bounced several times from that level. Currently there are these two trendlines (shown above) which may become crucial level for BTC in the near future.

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 28700$ 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.