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_20240513-202727_Binance.jpg](https://cdn.steemitimages.com/DQmUBfVCFuNTXoLi6CYRzfAnZBGqPPc65YqeHVUtipyiH6L/Screenshot_20240513-202727_Binance.jpg)
Last week, the King of Cryptocurrencies, BTC was hovering around 64000$ level. BTC was on uptrend for weeks. But these last few weeks were a bit different. In these weeks, due to BTC's price correction. It fell to 60200$, which is clearly a strong support zone. It bounced quickly at that level.
![Screenshot_20240513-202813_Binance.jpg](https://cdn.steemitimages.com/DQmPGiw8rT2f9LMARo8Q9N28AMo1E59YkxdwHbuLT6V8LUG/Screenshot_20240513-202813_Binance.jpg)
After getting rejected at the 65500$ zone, BTC lost the support level below at 62700$. So, BTC fell quickly and came down to 60200$. However, it bounced back in an instant. These moves created a new bearish trendline overtime. After bouncing back at the support level, it eventually started going up. Currently, it clear that BTC needs to hold onto the support level of 62700$ zone that it regained recently. It needs to break 63200$. It is now at 62900$. This is ultimately a **1.8%** 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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