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 114600$ 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 rising in middle of the week, eyeing to break 117500$. Luckily, BTC after several tries, broke the resistance level.
After the breakthrough, BTC gradually went up and up. It is rising on the bullish trendline that it created over the week. It is still slowly rising as of now. BTC is just above 120500$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 4.8% 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.
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Hey @arsalaan, great analysis of Bitcoin's recent price movements! I appreciate the clear, concise way you've broken down the week's fluctuations, especially highlighting the key resistance levels and the bearish trendline. The charts from Coingecko really help visualize the trends you're describing.
It's interesting to see how BTC is navigating this consolidation phase after its January high. Your insights into the recent bounce and the need to overcome the upper resistance are valuable for anyone following the crypto markets. Thanks for sharing your perspective and reminding everyone that this isn't financial advice! Looking forward to your next update. What are your thoughts on the long-term implications if BTC breaks through that resistance?
https://x.com/Arsalaan00070/status/1954945260939067738?t=XirTFOQZ7BY_ufO8bjT_dA&s=19
This is a great article of Moving Charts: BTC Value Per Coin Analysis you have shared.