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 68500$ 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 70500$. At the started of the week, BTC had a break-through. Due to breakthrough, BTC went across the 68350$ level, which was clearly a strong resistance zone.

After getting rejected at the 70700$ zone, BTC lost its momentum and started falling very quickly. So it fell through 68400$. However, it bounced back in an instant. These events happended mainly because of the bearish trend that was created. But luckily, a while ago, BTC broke through that trend. Currently, it clear that BTC needs to hold onto the support level of 66000$ zone. It alsp needs to break 70700$. It is now at 68940$. This is ultimately a 0.6% gain in value over a time span of seven days.

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All Screenshots are taken from Coingecko

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No words from this article should be taken as financial advice.

Thank You for reading.

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