Price Analysis

Bitcoin (BTC) Price Rally Indicates a Heavy Upsurge in Price

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  • Bitcoin continues to climb without and pull back.
  • BTC price momentum indicates a brighter future ahead.

Currently, Bitcoin price was trading around $10,600 mark. Well, the intraday traders will consider a loss of $200 as the coin closed yesterday around $10,800. The same indicates that BTC will any time soon touch the roof and gain back the momentum.

If we look at the 5-day chart, we would only see the upsurge in the coin. The hike on the intraday basis isn’t tremendous, but the steadiness is commendable. We are positive that the coin would bring high dividends in the future.

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Bitcoin Price Analysis:

The BTC chart is taken from TradingView on 4th August 2019, at 6:31:10 UTC.

Bitcoin price chart - Aug 4
Bitcoin Chart By TradingView

Above 5-day Bitcoin chart is reflecting an upsurge. Bitcoin price was dealing at $9406. The coin escalated to $9678 by 1.91% on 30th July. Next day, the coin escalated to $10097 from $9678 by 4.36%. The first day of August was, again, a profitable day. BTC price counters changed from $10097 to $10442 by 3.39%. Next day, the progression marked was of 0.77% as the coin jumped from $10442 to $10528. Yesterday, the coin booked 2.72% profit as the currency changed from $10522 to $10815.

Current Statistics of BTC:

  • Bitcoin price is trading at $10,703.88.
  • The ROI is marked as 7811.22%.
  • Circulating Supply has 17,856,937 BTC.
  • The market cap is marked as 191,138,541,815 USD.
  • 24-hour volume is noted as 14,356,865,704 USD.

Bitcoin Price Prediction and Conclusion:

Bitcoin is considered the king of the crypto market. The coin has often anchored the market with its strong price momentum. The expectation of the BTC is high. We are apprehensive about the upsurge in the market. The coin is likely to touch $15000 by the end of 2019. The traders can dig in for the long term as well as the short term investment. The same would bring high 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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