Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club
Hello everyone and welcome to everyone at Tron Fan Club. With the recent movements from Bitcoin, it has puzzled everyone. The volatility was moderate last week. Let's take a look at the King of Cryptocurrencies, Bitcoin's performance in the last seven days.
After the volatility in the past couple of weeks, Bitcoin has shown some signs of stability towards the end of last week. But it had quite a ride to that point. 7 days ago, BTC was being traded at 41960$. Which, after 18th December, declined alarmingly. BTC fell below 41000$, reaching the weekly lowest point of 40500$.
Fortunately, the token recovered quickly. And rose to new heights. BTC broke through 43000$ before falling under 42000$ again. A 1000$ bump in compensation for the gains. We can see a steady line forming, throughout the days. This supposed short trend went on for about three days, well into 20th December.
This sharp upward trend stagnated going into 21st December. As for now, BTC peaked at 44400$. It has also maintained to stay upwards of 43200$. Looking at the charts this may come as nothing serious. But volatility reaching into the thousands of dollars speaks volumes about the overall stability of the price of the token.
All Screenshots are taken from Coingecko
Nonetheless, as days have passed and we approach the present. BTC shows an ever-so-slight curve toward stability. As of yesterday, it hasn't deviated more than 500$. Though only one day's progress in this place should be taken with a huge pinch of salt. Still, we would love to expect BTC to remain sturdy and strong, as the overall bullish behavior continues.
No words from this article should be taken as financial advice.
Thank You for reading.
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