- Bitcoin is down from 11,900 USD to 10,300 USD in the last 30 days.
- No quick recovery seems possible for the coin.
Bitcoin is currently trading around $10,300 mark after a free fall from $10,900 a few days back. The coin has shown immense volatility in the last 30 days. From $11,900 price point, BTC has shown four significant price variations and reached $10,300. Before analyzing the Bitcoin price swings, let us look at the current details of the coin.
Current Statistics of Bitcoin:
|Bitcoin (BTC)||9th September 02:50 UTC|
|ROI (Return on Investment)||7,602.38%|
|Coin Circulation||17,924,325 BTC|
|Market Cap||186,763,146,592 USD|
|Value in USD||10,345.66 USD|
|All-Time High||20,089 USD|
|24h Volume||13,542,121,156 USD|
Bitcoin to USD Price Comparison:
The first swing of the month started on 9th August and over the next 5 days, the BTC lost 19.77%. This fall took the coin from $11,929.79 to $9570.92. This was followed by a hike in the Bitcoin price by 14% and the coin added $1339.79 by 19th August. The third swing of the month happened between 19th August and 29th August and this fall had a break on 25th August. This fall is responsible for pushing the BTC price to its lowest point at $9426.08 on 29th August. From there, Bitcoin saw some decent growth and with the help of a 15.63% increment, the coin reached $10,905.54 by 06th September. The current value is a devaluation of $600. The market cap of Bitcoin on 9th August was $211,305,851,156 and the price was at $11,929.79. The current market cap and the value of BTC coin are respectively 11.64% and 13.27% less than the figures for the last month.
BTC Price Prediction:
Bitcoin might have faced a setback for now; this is not a permanent one. According to Bitcoin price projections, the coin is likely to have a bullish run in the short-term. A price rally may help the coin to touch its monthly high. The next probable resistance and support levels are listed below.
|1st Resistance||10554.91667 USD|
|2nd Resistance||10668.55333 USD|
|3rd Resistance||10741.46667 USD|
|1st Support Level||10368.36667 USD|
|2nd Support Level||10295.45333 USD|
|3rd Support Level||10181.81667 USD|