Price Analysis

Bitcoin (BTC) Kicks Off New Month On A Good Note

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It has been a slow week for Bitcoin, but the coin has already started showing signs of recovery. The current market performance of the BTC also points towards rising trends ahead.

Bitcoin to USD Price Comparison:

BTC Price Chart
BTC Price Chart by TradingView

In the last 24 hours, Bitcoin price has changed from $9651.32 to its current value at $9615.92 as on September 1, 2019, at 08:20:28 UTC recording a marginal downtrend of over 0.3%. However, the BTC recorded a sudden dip yesterday by rolling down to $9440.83 before it climbed up all the way to $9708.10 recording a surge of over 2% within a day. It has dipped slightly since then but may gain some pace again by the end of the day.

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Current Statistics of Bitcoin:

  • BTC price is trading at $9,615.92
  • The Market Cap of the Bitcoin has reached $172,573,366,170
  • 24-hour volume is recorded to be $11,032,871,889
  • Circulating Supply of the BTC coin is 17,909,150 BTC
  • ROI of the Bitcoin stands at 7,024.22%

Bitcoin’s highest recorded value in the last seven days was $10,512, and it may cross $10,000 again in the next few days. BTC may close the coming week on a better note than the starting value.

Bitcoin Price Prediction & Conclusion:

Bitcoin has been maintained a consistent upward movement throughout the year. The pace of surge may have reduced a bit in the last month, but this may change in the remaining months of the year. BTC price can be expected to cross the $12,000 target as the year approaches the end. This is a great time to stack up as much BTC as possible as the coin may go bullish in the upcoming months and may start yielding good returns.

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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