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 January 2025, Bitcoin has been consolidating for a long time. Recently, after long consolidating period, it started going up again. 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 118800$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly fluctuating. But suddenly, BTC started falling in middle of the week, losing 114200$. Luckily, BTC bounced several times at 112000$, but it is still below the bearish trendline.
After the bounce, BTC gradually rebounded. But it is far below the bearish trendline that it created over the week. It is still slowly rising as of now. BTC is just above 114400$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 3.7% loss 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.
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Moving Charts: BTC Value Per Coin Analysis is a great article you have shared.
Hey @arsalaan, great to see your Bitcoin analysis trending on Steemit! Your clear breakdown of BTC's recent price movements, especially highlighting the key resistance levels and that crucial bounce at $112,000, is super insightful. The charts from Coingecko really help visualize the trends you're describing.
It's fascinating to see how BTC is navigating this bearish trendline. Your analysis provides a valuable perspective for anyone following the crypto markets. Thanks for sharing your expertise with the Tron Fan Club community! I'm curious to hear others' thoughts on whether BTC will break through that resistance soon. What are your predictions, everyone? Let's discuss!