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 70000$ level. BTC was on uptrend for weeks. But these last few weeks were a bit different. These were the weeks of correction. BTC made swift moves and even came down to 61100$ before bouncing back. This week started with BTC losing the strong support zone of 69000$.

After losing the support, BTC fell quickly and came down to 64500$. However, bounced back in an instant. After the bounce at the 64500$ zone, BTC went up to the 69000$ level. Thus, it created a bullish trendline. After retracing back, it eventually broke through 69000$. Currently, it clear that BTC needs to hold onto the trendline shown above and complete a retest. It is now at 69400$. This is ultimately a 2.2% lose 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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