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 104300$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly fluctuating. But suddenly, after a week long consolidation period, BTC started trying to break the resistance at 106000$ and continuing its attempy currently.
After the rejection at 105800$ resistance, BTC started falling. It recently lost the bullish trendline that was created over the week. It is still consolidating as of now. BTC is just above 105400$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 2% 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.
0.000 SRY