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

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, last 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 above the 96000$ level. BTC was on downtrend for weeks. At the start of the week, BTC started going downwards continuing its trend. But soon after that, it reversed its movement and started going upwards. In the middle of the week, the strength faded. BTC then lost its trend and started falling. Due the fall, BTC went down to the sub 91000$ level, which was clearly a strong support zone.

After the quick bounce movement, BTC went up to the level of 92400$. It is now fluctuating a lot. BTC is now below 92000$. It needs to break through the resistance ahead at 93700$. This is ultimately a 4% lose in value over a time span of seven days.

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All Screenshots are taken from Coingecko

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

Thank You for reading.

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