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 below the 100000$ level. BTC was on uptrend for weeks. We saw a continuation this week. In this weeks, BTC started going down from the first day. At the start of the week, BTC started its journey to break 100500$, but failed at the first time. Eventually it broke out later. Due to break-out, BTC went up to the sub 103300$ level, which was clearly a strong resistance zone.
After the quick upward movement, BTC got rejected at the next resistance, making a short fall. After that, BTC started going up quickly. It followed a bullish trendline as it went up. It is now above the trendline, which needs to be held on. It also needs to break through the resistance ahead. It is now at 102800$. This is ultimately a 2.8% 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.
Thank You for reading.
VOTE @bangla.witness as witness
OR
Tron token will definitely perform higher in price value in months to come as I am so sure of that
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nicely done, appreciate you sharing about btc value per coin, I believe we are seeing healthy correction
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit