Price Analysis

Bitcoin (BTC) Statistics At Glance: Bitcoin’s Inconsistent Market Trend Comes Back with a Bullish Outlook for Long-term

Bitcoin (BTC) is a leading blockchain backed crypto coin. The aim of Bitcoin (BTC) is to provide a substitute payment and settlement system to the world which will be operated with no centralized authority. The transactions based on the Bitcoin platform no need for approval from anyone; it maintains complete anonymity of the users. Bitcoin is known as a peer-to-peer payment system which targets to abolish established financial intermediaries.

Current Statistics-

BitcoinWith a whopping 3684.07 % ROI, Bitcoin (BTC) is the market leader in the cryptocurrency segment. The total coins in circulation are 17,642,950 BTC as of now. The current market cap on 13th April at 04:04 UTC is 90,289,716,181 USD. The value of each coin in terms of USD stands at 5117.62. The 24 h volume at the same UTC is 12,823,462,293 USD.

Comparison-

The year 2019 has started with a lower note for Bitcoin because of the crypto winter. The coin has been showing stable growth over time. But the highest growth it gained was after April 1st when the whole market grew. The market cap of BTC on 13th March was 68,820,097,733 USD. And the value of each coin was 3913.57 USD. The current market cap has increased by 31.19 % than the market cap of 13th March. And the value of each coin currently is 30.76 % more than the value of 30 days back. But in the last 2 days, BTC has shown some weakness. Though the fall was not significant, it raises concerns about another restraint in the price.

Prediction-

The value of BTC has been roaming around 3500 USD to 5000 USD. Though, not inconsistent, the coin has given enough shocks to the investors. The 20 % growth over a week was the highest abrupt growth in this year. We predict the value to be stable for some moment before rising again. It may encounter with another restraint at 5200 USD or 5300 USD. But then the way is bullish. By the end of this month, the value should roam around 5500 USD – 5700 USD. The short-term outlook is little bearish making a good place for acquiring coin. The medium-term outlook is not very bullish, but it can provide good results if kept the holdings with patience. But the long-term outlook is definitely good. The value will be given on or around 200 % profit in the year 2019, as per expert’s prediction.

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