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Price Analysis

Bitcoin (BTC) Starts Dwindling, Experiences 5 Variations in 4 hours

  • Bitcoin (BTC) faced 5 major price variations in the last 4 hours.
  • The closing value is likely to be around $10,900.

Bitcoin (BTC) is no doubt the hottest topic in the town. The way it got its value up high in the hills is commendable, and it has now become the 1st choice of many short-term as well as long-term investors. Everyone is trading on Bitcoin in anticipation of breaching 11,000 USD again like it did 2 days back. For the convenience of the short-term or intraday traders, here is an analysis of Bitcoin’s movement in the last 4 hours. Let us first analyze the current details of the coin.

BTC Current Price Statistics-

Bitcoin Price Chart - 24 June
Bitcoin Price Chart
Bitcoin (BTC)24th June 07:55 UTC
Rank1st
ROI (Return on Investment)7,877.45%
Coin Circulation17,777,100 BTC
Market Cap189,572,274,565 USD
Value in USD10,768.41 USD
All-Time High20,089 USD
24h Volume20,453,051,427 USD

BTC to USD Price Comparison-

In the last 4 hours, the coin has encountered with five major price variations. The first fall was between 02:13 UTC and 02:52 UTC. The fall was accounted for 0.81%. It was followed by a short-term growth of 0.67% over the next 52 minutes. Again a huge and steep rise of 2.03% happened between 04:04 UTC and 05:22 UTC. It was again followed by a fall of 1.17% over the next 1 hour and 30 minutes. The latest rise was noticed between 06:53 UTC and 07:26 UTC. This has added 0.91% to the coin. These are the five price variations of Bitcoin in the range of 0.67% to 2.03%.

BTC Price Prediction-

Looking at the graph, we predict a bullish outlook until the closing for Bitcoin. By the end of the day, the coin may get to 10,900 USD. There are high chances of steep ups and downs until the closing.

Conclusion-

The investors need to be aware that the coin may behave with suddenness. The hikes in the price are not very extending ones, so investors are advised to trade with patience and precision.

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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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