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 119900$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly falling. But suddenly, BTC started big jumps in middle of the week, crossing 120000$. Luckily, BTC bounced several times, but it is still below the bearish trendline.
After the bounce, BTC tried to break through the upper resistance after a while. But getting rejected at, it started falling. It is still falling as of now. BTC is just above 117900$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 1.6% 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 post you have shared
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