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

arsalaan (76)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.

It was another less volatile week. Just like the previous week, BTC only moved 1.5%. This stability maybe fueling something special. We are around the 30000$ zone for too long. Breaking either side of the range may make BTC volatile again.

The week started with Bitcoin at 29830$ per coin. It went up in the first two days of the week reaching 30200$. However, from the third day, Bitcoin started falling. Losing the support at 29600$, BTC grabbed the support level at around 29100$.

After hovering around 29200$ for while, BTC started to climb the trendline showed above. However, the didn't not sustain for long and BTC plummeted again. It got blocked by the same trendline when BTC tried to move up again.

Now looking at the active trendlines, it seems we are on the verge of something. The bullish trendline guided BTC throughout the week. So if BTC can hold onto it and break the bearish trendline with a retest, we may get another shot at 29600$ and then 30200$. BTC is brewing something just as I'm writing. Let's see if it is a successful break-out or not.

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 29000$ and 30200$ 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.