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.

When it comes to BTC or any other cryptocurrency, we anticipate a volatile chart, moving from ground to sky or sometimes falling from the mountains. However, the last week was really a stable week, comparing to the previous ones. BTC on moved 1.5% between this timeframe.

The week started with Bitcoin at 30300$ per coin. The first two days of the week was very slow. Bitcoin barely moved in these two days. However, from the third day, Bitcoin started fluctuating. It was a classic roller-coaster movement from BTC. 30140$ acted as a resistance level after BTC fell through it.

Although there were few times when it seemed like BTC is losing it, BTC bounced back. The attempt at the middle of the week was a solid one. BTC rode the bullish trendline trying to cross 30400$. But the resistance was strong and so Bitcoin got rejected badly.

Now looking at the active trendlines, it seems we are on the verge of something. The bearish trendline guided BTC throughout the week. So if BTC can cross it, with a successful retest, we may get another chance at 30400$. However, losing the support at around 29500$, will cost BTC badly.

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. 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.