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 94000$ level. BTC started its uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly fluctuating. But soon, BTC started trying to break the resistance at 95800$ and became successful at this after several tries. Due the breakthrough at the level of 95800$, BTC went up to the 97900$ level, which is clearly a strong resistance zone.
After the rejection at resistance, BTC started falling. It is still above the bullish trendline that was created over the week. It is still consolidating as of now. BTC is just above 95500$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 1.6% 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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Moving Charts: BTC Value Per Coin Analysis is a great post you have shared.
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