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 114100$ 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, BTC started to move quickly, eyeing to break 117500$. Unfortunately, BTC got rejected at that resistance level.
After the rejected, BTC sharply fell by big percentage. It is below the bearish trendline that it created over the week. It is still slowly falling as of now. BTC is just above 109800$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 3.2% 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.
221.095 SRY