Bitcoin

Bitcoin (BTC) Bulls in Revision, Slips Below $10,300

Bitcoin exhibits a slumping stride in the past 24 hours. Just when we thought that Bitcoin would have a real price rally this time, it started dropping in the price correction phase. However, Bitcoin Bull Run is not getting over at the earliest hour, since it is immortal for the crypto community and the crypto lovers.

One can never really have had enough of investing in BTC. The mantra remains simple, when the price falls, invest for holding, and when the price rises go short for earning insanely. The current statistics indicate that having a long position presently in Bitcoin.

BTC Chart:

Bitcoin Price PRediction
Bitcoin Price Chart by TradingView

BTC Current Market Statistics:

  • Bitcoin is currently trading at $10,148.99 at 5:44 UTC as on 15th July.
  • The current market cap of the coin is $181,331,053,715.
  • Holds a 24h volume of $26,048,825,824 and the current circulating supply is 17,818,400 BTC.
  • The coin currently fetches 7,438.30% Return on Investment.

BTC to USD Price Comparison:

As observant from the above 24-hour chart, Bitcoin price trend is seen descending from trading at $11,321.87 to currently trading at $10,148.99. This manifests a 10.35% drop in total. Important to note that, the trend has only been declining throughout, with no moments of an upsurge in between. The catch is that the fall happened in 2 phases. First, when the coin was above the baseline, exhibiting a probability to have a bounce back. And the second was when the coin fell in the complete bearish zone, and thereby today opened with a fall.

Technical Indicators:

The MACD of the coin is quite volatile at this moment and has a bearish crossover as the price falls to trade around $10,000.

The current trading price is 7.7% less than the 5-day simple moving average $11,001.69.

BTC Price Prediction and Conclusion:

BTC Bull Run is never-ending, and therefore, we predict that by the end of the year, Bitcoin is expected to trade around $15,000 to $20,000. Nevertheless, Bitcoin is attributed to giving shocking surprises to its lovers and investors.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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