- Bitcoin has shown five huge price variations in the last 7 hours.
- The closing price may get as high as 11,520 USD.
Bitcoin’s latest growth has attracted a huge number of speculators and short-term traders. The unprecedented ups and downs have given huge space and opportunities of the short-term traders to make returns. Here is an analysis of Bitcoin’s price movement in the last 7 hours to educate the traders about the price trend and possible price trend. The coin has shown huge price variations in these seven hours, but the short-term outlook stays bullish for Bitcoin. Let us look at the current details of the coin.
BTC Price Statistics-
|Bitcoin (BTC)||03rd July 09:31 UTC|
|ROI (Return on Investment)||8,077.90%|
|Coin Circulation||17,795,075 BTC|
|Market Cap||196,903,334,484 USD|
|Value in USD||11,100 USD|
|All-Time High||20,089 USD|
|24h Volume||31,162,387,167 USD|
BTC to USD Price Comparison-
Bitcoin has shown five major price swings in these seven hours. The first swing is a fall of 1.87% in which the coin lost 211.80 USD. It was followed by a slight increment of 279 USD or 2.51% over the next 1 hour and 3 minutes. Then again between 04:59 UTC and 05:33 UTC, the coin gained a whopping 2.74% or 308 USD, and after this hike, the coin fell down by 2% losing 231 USD. The latest swing was an abrupt and steep fall of 4.29% and the coin lost 492 USD during this fall, which lasted about almost 1 hour and 40 minutes.
Bitcoin Price Comparison-
As per our prediction, Bitcoin is likely to have a bullish short-term price movement. The coin may reach 11,520 USD by the time Bitcoin closes for the day.
Investors need to trade cautiously, keeping the probable closing price in mind. Bitcoin is likely to show much more volatility in the market in the coming times.