Hello everyone and welcome to everyone at **Tron Fan Club**. To our delight, the market has seen some positive signs over the past few days. Last week has been particularly good for most of the tokens. Throughout the market, there have been uptrends. And it is no different for BTC as well. There are some substantial gains on record. 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 around 48100$ level. It was already on an uptrend because BTC was rated below 43000$ the week before it. The resistance at 48100$ zone was very much strong. So it took two days to break through this level. After a quick retest, BTC started going upwards. The move soon became parabolic.
From the 11th of February, a sharp trend continued for BTC. This was mostly the momentum gained from breaking through the 48100$ resistance. Then over the next few days, it made a nice bullish trwnd. And unfortunately, it hit a wall around 52700$ faced a reversal. Luckily the reversal didn't take the value down the drain, rather, it is hovering below 52000$. This is still a 3000$ gain in 7 days and it's huge.
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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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