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 days. Last week has been particularly good for most of the tokens. Throughout the market, there have been uptrends. And it is no different for BTC as well. There are some substantial gains on record. Today we will look at the price movements of BTC and reflect on where it could go next.
Last week, from 4th February onwards, BTC was pushing for 43000$. It was already on an uptrend because BTC was rated below 43000$ the week before it, much closer to 41000$. And it was evident that there were many attempts to break through the 43000$ mark. This went on till the 8th of February. After which BTC gained some much-needed momentum and finally broke through the 43000$ resistance and a big pump followed.
From the 8th of February, a sharp trend continued for BTC. This was mostly the momentum gained from breaking through the 43000$ resistance. Then over the next few days, BTC went from strength to strength and even broke through 48000$ for a change. And unfortunately, it hit a wall there. And faced a reversal. Luckily the reversal didn't take the value down the drain, rather, it is hovering well above 47000$. This is still a 4000$ gain in 4 days. It's huge.
All Screenshots are taken from Coingecko
No words from this article should be taken as financial advice.
Thank You for reading.
VOTE @bangla.witness as witness
OR
https://twitter.com/Arsalaan00070/status/1756394586522665185
Nice bitcoin analysis you have shared friend, appreciate your chart on the price of bitcoin, hoping for a surging bull run 🙂
Learning about technical analysis is not easy and I do appreciate whatever you have done through this article because it is helping us understand how the market is going and thanks to you for putting efforts and sharing this update.