Bitcoin has gone above $10,400 for a while in the last 24 hours with the help of an almost 2.5% hike. But the coin now lingers at $10,300. It’s growth started at the onset of the April boom this year, and since then it has shown five huge price swings. Before analyzing the swings in detail, let us see the current data of the BTC now.
Current Statistics of Bitcoin-
|Bitcoin (BTC)||26th August 04:12 UTC|
|ROI (Return on Investment)||7,547.54%|
|Coin Circulation||17,897,400 BTC|
|Market Cap||185,112,397,581 USD|
|Value in USD||10,342.87 USD|
|All-Time High||20,089 USD|
|24-Hour Volume||17,602,910,479 USD|
BTC to USD Price Comparison-
Bitcoin initiated its growth on 1st April after the crypto winter of 2018. Between 1st April and 15th May, the coin managed to gain 4047 USD and it pushed the coin from $4120.30 to $8168.13. It was followed by another hike of 78.86%, which took the coin to a high of $12982.72 on 26th June. But this growth was momentary, and soon it faced a price correction to be able to fall to $9416.35 by 16th July.
Between 16th July and 07th August, the BTC managed to grow by 27.65% and reached $12,019.80. The last swing happened between 07th August and 26th August that saw a 14.69% fall. The market cap on 26th July was 175,204,192,064 USD, and the value of each BTC was 9808.65 USD. The current market cap and the value of each coin are respectively 5.65% and 5.44% up in comparison to the value of last month.
Bitcoin Price Prediction-
Bitcoin is way behind its YTD high, and it was just before a few days, the coin was roaming near 12,000 USD. So, BTC is likely to get a hike very soon and in the long-term, the coin will benefit its holders. The next probable resistance and support levels are given below.
|1st Resistance||10292.49667 USD|
|2nd Resistance||10446.47333 USD|
|3rd Resistance||10588.32667 USD|
|1st Support Level||9996.666667 USD|
|2nd Support Level||9854.813333 USD|
|3rd Support Level||9700.836667 USD|