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 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 above the 85000$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly declining. But suddenly, BTC started to move quickly, fluctuating heavily. Fortunately, it gained the important support level of 90000$.
It is above the bullish trendline that it created over the week. BTC is just above 90000$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 4.9% 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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arsalaan, your analysis of BTC is very informative and understandable. I enjoy the fact that you brought out the support and resistance level and how the recent uptrend has been supported after consolidation. It actually enables me to know what is happening in the market. Great work, @arsalaan!