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

Hello everyone and good evening to everyone at Steem Alliance. The market has once again risen. And BTC is actually losing ground in the last couple of days. After raring upward in the days before.

So for the past week, bitcoin prices have been all over the place. You'll see the amount of volatility it has shown over this past weekend. It clearly has no idea where it is headed. But if we have to break it down and maybe start to make something out of it, I think there is one good reason to at least even try to predict where it is going to go in the next days you see previously before this week Bitcoin was already on the rise, especially from the likes of 24,000$. It has been only going upwards and eventually reaching high numbers in the region of over 28,000$. Now this bit has taken a toll and it had its ups and downs. There have been multiple signs of volatility and very strong resistance at 28,400$. As you can see there are multiple attempts to make it through that point and in the only instance where it did it went downhill and that's not only because it just broke the resistance.

The first and foremost and the most obvious reason for Bitcoin to fall off the cliff as it did on the eve of 22nd of March is the breakthrough of the resistance and as tradition, it had to go down because it's too high up a position. Now the second and rather irregular reason is that the USA had increased the interest rate on the US dollar now. Obviously, we all know how Bitcoin behaves when the interest rates go up, the dollar becomes more valuable and bitcoin loses value, two sides of a coin. But the biggest news from that crash is that it didn't even take half a day for Bitcoin to regain all that value and start touching the same upwards territory of 28,400$ and reaching a high of 28,750$ after going all the way down to 26,600$.

Although it hasn't been the same since. In fact, in the last 2 days bitcoin has been steadily losing ground and recording lower highs and lower lows is currently 27,300$ and maybe is going even more downward considering mount gox is still on the cards.

All Screenshots are taken from Coingecko

Nobody knows what's coming next. Maybe it will lose more ground then maybe it will go down to like 24,000$ again. But it will be back and eventually, it'll gain all the value which it lost, eventually.

Thank You for reading.

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