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. Hence, we witnessed downtrend in the last months with some exceptions. 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 86500$ level. BTC was on downtrend for weeks. At start of this week, BTC was relatively calm. At the middle of the week, BTC started going downwards continuing its trend. Due the loss of support level at 81800$, BTC went down to the 74500$ level, which was clearly a support zone.
After the quick bounce movement, BTC went up to the level of 80000$. After falling, it is now again rising. BTC is now just below 82700$. It needs to beat the upper resistance as soon as possible. This is ultimately a **4.8%** loss 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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