Bitcoin (BTC) Hits Rock-Bottom in Last 24 hours Despite Reaching $5360.0 Mark

Bitcoin (BTC) the topmost cryptocurrency still dominates the crypto market with number 1 position setting high bars for the rest of the coins. So, considering the crypto market and data by a Trading view and its chart below, in the last 24 hours the daybreak for Bitcoin was at Price (USD) 5259.2. Within nearly 2 hours on the same day, the market for BTC noticed a peak price (USD) 5360.0. This momentary movement almost had a $100 hike in the price.

CHART1 BitcoinA day in the journey of Bitcoin and its prices, we see a rock bottom price (USD) 5149.0 in the last 24 hours. From mid-day till late afternoon nearly 2.09% decrease in the price is observed. This might be fine as per what the market is but comparing the same with a day’s statistics we tend to see it as a major ice breaking price of the day.

CHART 2 BitcoinHere, when the investors might lose hopes with the day’s low prices of Bitcoin, it exceeded the expectations and started showing the bullish trends with an increasing market rate. Therefore, as per BTC predictions, a swing so formed by the prices of Bitcoin speaks a lot about the bulls to take over investors.

CHART 3 BitcoinWith the close of the day, it started showing a bearish market with the lowest of the time observed to be 5170.9 and starting a new day with an average of 5250.5. The slow and steady movements will fetch profits to the investors in the run. The rallying prices with a pinch of retracement are doing no harm for the investors to think upon withdrawing the same.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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