Price Analysis

Bitcoin (BTC) Indicates Improvement in the Intraday Movement

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  • Bitcoin price is on the recovery spree.
  • The BTC price escalates impressively and is now dealing at $9,244.

Bitcoin started the day with a downside movement. Later, the market started improving, and many coins started moving downwards. BTC price also reflected a similar movement. The currency is reflecting an improvement in price. Within the first few days of the second month of the last quarter, the currency moved up from $8,900 to $9,100 and now $9,200.

Bitcoin Price Prediction

Yesterday, Bitcoin started dealing at $9,331.3. The price escalated to $9,403.1 by 0.43%. Later, the price of BTC fell to $9,145 by 2.74%. The rest of the day was spent hovering around $9,200. The intraday price movement indicated a loss of 1.30%. The coin closed at $9,209.5. Today, Bitcoin opened with a marginal fall of 0.63%. The counter shifted to $9,154.2 from $9,209.5. Further, BTC jumped to $9,288.5 by 1.47% hike.

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Bitcoin Price
BTC Chart By TradingView

Bitcoin price movement has been a little disappointing lately. The traders are waiting for the coin to recover. A moderate improvement in the price is however detected. If the momentum of the improvement speeds up then the desired result could be expected from the traders. For intraday traders, the BTC price is likely to be moving towards the immediate resistance level at $9,363.

Resistance Level Price
R1 $9,363.02
R2 $9,490.7
R3 $9,601.58
Support Level Price
S1 $9,124.46
S2 $9,013.58
S3 $8,885.9

Bitcoin is recommended for long-term investors as it would bring the maximum profit in the specified period.

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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