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 108300$ level. BTC started its renewed uptrend only a few weeks ago after a nice reversal, At start of this week, BTC was slowly rising. But suddenly, BTC started falling in the middle of the week, falling up to 103000$. Luckily, BTC had a great bounce at that level and quickly started going up. This bounce caused the BTC to regain the bullish zone of sub 107k$.
After the bounce, BTC broke through the 106000$ resistance after a while. After the break-through it rose sharply. It recently broke through the bearish trendline ormed over the week. It is still rising as of now. BTC is just above 108000$ currently. It needs to beat the upper resistance as soon as possible. This is ultimately a 0.3% loss in value over a time span of seven days.
All Screenshots are taken from Coingecko
0.000 SRY