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 a 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 below the 79000$ level. BTC then started to lose ground last week after a reversal, At start of this week, BTC was slowly holding its ground. But suddenly, BTC started to move downward, fluctuating heavily. Unfortunately, it fell far below the support level of 65000$. Which means it has broken a long tradition of not going lower than the previous cycle top.
It is below a bearish trendline that it created over the week. I believe it is a dead cat bounce currently. BTC is just over 71000$ currently. It needs to hold onto the support level as firm as possible. This is ultimately a **8.3%** 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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