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 71000$ level. BTC then started to lose ground last week after the reversal, At start of this week, BTC was slowly gaining , probably a dead cat move. But suddenly, BTC started to move downward, fluctuating heavily. Unfortunately, it fell below the support level of 66000$. But it has not gone lower than the low of the previous week.
It is below a bearish trendline that it created over the week. I believe it was a dead cat bounce earlier. BTC is just over 68000$ currently. It needs to hold onto the support level as firm as possible. This is ultimately a 4% 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.
VOTE @bangla.witness as witness
OR
