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

Hello everyone and welcome to everyone at Tron Fan Club. To our delight, the market has seen some positive signs over the past few weeks. Throughout the market, there have been uptrends. But a correction and some consolidation became inevitable. And it is no different for BTC as well. So, we saw BTC fluctuate a lot under the strong resistance zone. 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 around 67000$ level. BTC was on downtrend for weeks. But this week was a bit different. In this weeks, BTC created a nice bullish trend. Following the trend, BTC had a break-through. Due to breakthrough, BTC went to 72000$, which is clearly a strong resistance zone. It got rejected quickly at that level.

After getting rejected at the 72000$ zone, BTC lost the support level below at 67680$. So, BTC fell quickly and came down to 66750$. However, it bounced back in an instant. These events happended mainly because of BTC losing the bullish trend. Currently, it clear that BTC needs to hold onto the support level of 67700$ zone that it regained recently. It needs to break 72000$. It is now at 68600$. This is ultimately a 2.5% gain 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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