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

arsalaan (76)in Tron Fan Club • 16 hours ago (edited)

Hello everyone and welcome to everyone at Tron Fan Club. After creating a new all-time high in March 2024, Bitcoin has been consolidating for a long time. Hence, we witnessed downtrend in the last months with some exceptions. But, this month, we saw, BTC break the historical resistance and make a new All Time High. 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 below the 90000$ level. BTC was on uptrend for weeks. We saw a continuation this week. In this weeks, BTC started going up from the first day. At the start of the week, BTC broke through the resistance level of 92600$. Due to break-out, BTC went up to the sub 96000$ level, which was clearly a strong resistance zone.

After the quick upward movement, BTC sliced through the next resistance also, making a new ATH. After that, BTC started going up quickly. It followed a bullish trendline as it went up. Recently it got rejected at 99600$. It is now below the trendline, which needs to be held on. It also needs to break through the resistance ahead. It is now at 96400$. This is ultimately a 7% gain in value over a time span of seven days.

All Screenshots are taken from Coingecko

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