Bitcoin

Bitcoin (BTC) in the Upper Swings of the Parabolic Phase?

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Bitcoin (BTC), recently traced in the upper swings of the crypto market. The price (USD) 3,645.30 was evident two months ago on February 09 with the market cap of 63,893,254,093 USD. This was the point from where the center of the dart was aimed, i.e. the market for BTC has been experiencing an increasing rate ever since.

Highlights:

  • From the start of the year 2019 till now, Bitcoin now is experiencing the peak prices era with the highest of the year being $5280
  • Bitcoin rose above its support level of $3,400
  • Bitcoin setting high standards in the crypto market

Bitcoin

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Day’s statistics at a glance:

Looking into the chart and statistics by Coinmarketcap, Bitcoin is trading in the market with a value $5196.98 having a market cap of 91,653,739,078 USD and the 24h volume is 15,881,882,843 USD.

As per the above tweet and the current scenario, we particularly highlight that BTC on the upward path of the parabola curve. The same is evident from the hypothetical halves of the above Coinmarketcap graph, wherein the first half observed is from the start of the year 2019 till February 9th. Today, it is 42.56% higher than the midpoint of the imaginary parabola.

The predictions are such that Bitcoin is likely to make hay when the market is in the bullish trends and the same scenario will last long rising above the expectations of the investors and giving them delightful returns.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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