Moving Charts: BTC Value Per Coin Analysis
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 a 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 little over the 65000$ level. BTC then started to gain some last week after the reversal. At start of this week, BTC was slowly ganing value. This was in accordance to the broader financial markets, which is now unified under risky assets due to the war. BTC then started to move downward in the middle of the week, fluctuating heavily. Somehow, it fell near the support level of 66000$. BTC is currently ranging between 65000$ and 75000$. The situation is quite volatile and with the context of ongoing war, things are going to get messy.
It is currently above a bullish trendline that it created over the week. I believe the price will go down further. For the obvious reasons. BTC is just over 67000$ currently. It needs to hold onto the support level as firm as possible. This is ultimately a 1.1% gain in value over a time span of seven days. But that is only on paper, reality is that BTC very volatile for now.
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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With the look of things, I am so sure that the price of Steem will definitely recover in the coming weeks