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

arsalaan (78)in Tron Fan Club • 2 days ago

Hello everyone and welcome to everyone at Tron Fan Club. After creating a new all-time high in January 2025, Bitcoin has been consolidating for a long time. Recently, after long consolidating period, it started going up again. 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 above the 104000$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly rising. But suddenly, BTC started falling in the middle of the week, falling up to 100300$. Luckily, BTC had a great bounce at that level and quickly started going up. This bounce caused the BTC to regain the bullish trendline that it created over a week.

After the bounce, BTC quickly broke through the 104400$ resistance. After the break-through it rose sharply. It recently formed the boundary of bullish trendline. It is still rising as of now. BTC is just above 107200$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 3.2% 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.