Bitcoin (BTC) Shows Variations In The Range Of $300 In 6 Hours

  • Bitcoin has shown four major price variations in the last six hours.
  • The closing value of BTC for today is likely to be 11,950 USD.

Bitcoin has been the first choice of many speculators and short-term traders due to its high volatility. It is one of the best coins in terms of giving returns in a stipulated time frame. Here is an analysis of Bitcoin’s price movement in the last 6 hours. This analysis may help short-term traders to re-strategize.

BTC Price Statistics-

Bitcoin Price Chart - 4 July
Bitcoin Price Chart
Bitcoin (BTC) 04th July 08:24 UTC
Rank 1st
ROI (Return on Investment) 8,569.52%
Coin Circulation 17,797,187 BTC
Market Cap 208,045,814,214 USD
Value in USD 11,726.71USD
All-Time High 20,089 USD
24h Volume 28,856,803,390 USD

BTC to USD Price Comparison-

In these last 6 hours, Bitcoin has faced four major price swings. The first one was a hike of 0.78% in which the coin added 92.18 USD trading from 11873.18 USD to 11965.36 USD between 02:23 UTC and 02:52 UTC. Then the coin faced a steep fall of 2.71% to trade from 11959.35 USD to 11634.05 USD between 03:17 UTC and 05:43 UTC. It was then followed by a short stint of increment.  The coin gained 1.80% or 209 USD trading from the latter to 11844.46 USD between 05:43 UTC and 07:15 UTC. The latest one was a dip in the price of 1.76%. This dip happened between 07:15 UTC and 08:05 UTC. This final dip cost the coin 208 USD.

Bitcoin Price Prediction-

The short-term outlook of Bitcoin is bullish. The coin is likely to be around 11,950 USD by the time Bitcoin closes for the day.

Conclusion-

Bitcoin’s closing is likely to rise from its current value. Investors need to put the target anywhere near 11,900 USD to yield maximum returns. However, you should watch BTC price prediction and the chart patterns before you choose to do anything.

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.

Related Articles

Back to top button