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Price Analysis

Bitcoin (BTC) Stably Trades Above $10,000, Indicating an Early Price Rally

  • Bitcoin can soon bring the price rally in the crypto market.
  • The coin keeps a tight hold at $10,000.

Bitcoin has touched $13,000 in the ongoing quarter and is a result-giving coin. During the recent price drop, BTC has hovered around $9,000 or $10,000. It hasn’t gone below the given level. Bitcoin started the year at $3,999 and now it is at $10,300. We can clearly observe the enormous escalation in the price.

If we look at yesterday’s chart, the coin has climbed to a high at $10,442.25 and dropped to $10,099.24. Yesterday, the volume noted was $15,323,563,925.

Bitcoin to USD Price Analysis and Predictions

Bitcoin Price
Bitcoin Chart By TradingView

The week-long chart is reflecting an upward movement in the price. Starting from September 7, 2019, the coin moved up by 1.56% as the price changed from $10,366 to $10,528. The level went down to $10426 by 0.96% on September 8, 2019. The fall continued and BTC touched $10,325 on September 9, 2019. This time the regression was of 0.97%. With a similar trend and exactly same regression percentage Bitcoin dropped to $10,225 as on September 10, 2019. September 11, 2019 brought a moderate movement in the currency as it stayed at $10,200 level for the entire day. Bitcoin booked an escalation of 2.43% as the coin shifted from $10,219 to $10,467 on September 12, 2019. Today, the coin has marked a drop of 1.1% by bringing the coin down to $10,300.

Bitcoin is considered the king of the crypto market. It has many a time pulled the entire market out of the downtrend. The coin holds high potential along with huge expectations for the traders. The future of the coin is great. The traders can dig in Bitcoin with a high prospect of earning profits. The momentum of the coin is likely to improve in the coming days.

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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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