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 reversal this week. In this weeks, BTC started going up from the first day. At the start of the week, BTC reversed its journey and fell through 98300$. Due the fall, BTC went down to the sub 91000$ level, which was clearly a strong support zone.
After the quick bounce movement, BTC got rejected at the next resistance, making a short fall. After that, BTC started going up quickly. It broke through the bearish 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 99000$. This is ultimately a 0.8% lose 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
https://x.com/Arsalaan00070/status/1886456717304586591?t=RahISM-SdNg_BkRE31jnkA&s=19
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update on Bitcoin movement. It keeps me updated on what is going on with Bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit