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Moving Charts: BTC Value Per Coin Analysis | 10% To @tron-fan-club

arsalaan - 2024-08-11 16:10:15






Hello everyone and welcome to everyone at **Tron Fan Club**. To our delight, the market has seen some positive signs over the past few weeks. Throughout the market, there have been uptrends. But a correction and some consolidation became inevitable. And it is no different for BTC as well. So, we saw BTC fluctuate a lot under the strong resistance zone. Today we will look at the price movements of BTC and reflect on where it could go next.




![20221225_013634_0000.png](https://cdn.steemitimages.com/DQmWQfcT4NRYHYhvHLDSbeeVdDcRsC3xC4m1rLo2D4muTaf/20221225_013634_0000.png)






![Screenshot_20240630-220551_Binance.jpg](https://cdn.steemitimages.com/DQmYLfmnARGi3VEc91w6xpm2yZSnQ4xj3yN6EQ9JBYKFgnU/Screenshot_20240630-220551_Binance.jpg)





Last week, the King of Cryptocurrencies, BTC was hovering around 64000$ level. BTC was on downtrend for weeks. This move continued in this week also. In this weeks, BTC fluctuated a lot above the strong support zone of 60000$. At the started of the week, BTC had a break-through. Due to fall-out, BTC went down to the 58400$ level, which is clearly a strong support zone.





![Screenshot_20240630-220622_Binance.jpg](https://cdn.steemitimages.com/DQmUTHKqmndM6nRXMnbcLiFZ6MBzLbQAXVzdjaSG3YWwUbU/Screenshot_20240630-220622_Binance.jpg)





After the fall, BTC quickly bounced at the support level. After getting bounced at the 58400$ zone, BTC gained momentum and so started going up. Thus, it broke through the bearish trendline. Currently, it clear that BTC needs to hold onto the support level of 60000$ zone. It alsp needs to break 64000$. All this can happen if BTC holds onto the bullish trendline shown above. It is now at 61600$. This is ultimately a **3.9%** lose in value over a time span of seven days.

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All Screenshots are taken from [Coingecko](https://www.coingecko.com/en/coins/bitcoin#usd)




**No words from this article should be taken as financial advice.**

Thank You for reading.








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