Moving Charts: BTC Value Per Coin Analysis

So in the last week as you all have seen bitcoin along with all other measure tokens, all of them have enjoyed a good rise in face value. This means most of the coins have gained and looks very good for the market in these. Rather good times but like to cover bitcoins, price movements and maybe give a rough estimate of where is it headed next

So that the current market is booming again and we have seen almost all of it to be regaining all the lost value over the last two three weeks. We can safely expect that we are up for another surge evaluations for almost all the big tokens in the crypto space. If you'll remember then bitcoin was valued at around 24,000$ around those few weeks ago. Then the price is plummeted back down to around 20,500$. Continued to plow its way back upwards but in most cases that hasn't been much productive over these weeks. Bitcoin has gained from a mere 20,500$ to 21,500$. Not much of a gain considering the rapid growth they enjoyed in the month before that. This stale situation continued from weeks ago to around 15th of February. After which something happened. Something that maybe you and I wasn't much expecting.

So when 16th February was right around the corner and I mean the last few hours of 15th of February bitcoin saw a surge in its pricing where it was around 21,500$ to 21,600$. It rolls up to around 22,000$ and after completely breaking the barriers it pushed along and reached 23,000$. After going 23,000$ there was an even steeper rise in Bitcoin valuation, so the leading crypto token reached the heights of 24,000$. After gaining 24,000$ the rise slowed down. And yes all this happened in the matter of just a few hours not even a whole day. So what's slowing down? Bitcoin went as low as 24,300$, so afterwards considering how fast the surge was. People thought okay maybe 24,000$ is the breaking point and we will test the waters here. Did touch the heights of 25,000$ for a very brief moment working at a weekly high of 25,200$. After this, a loss in value.

So Bitcoin reach down to 23,300 which is almost $2,000 valuation lost in the matter of even less hours but that has not been the end of it. Bitcoin has rows again and has again touched 25,000$ in valuation and is currently pushing well and strong to go upwards of 25,000$ and maybe push up to 28,000$.

All Screenshots are taken from Coingecko

By the looks of the charts, bitcoin looks promising as of now. If there are no further dumps or any kind of crash happened to the market, we can very well expect Bitcoin to which nearer heights and maybe give us something to smile about.

Thank You for reading.

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