Price Analysis

Bitcoin (BTC) Swings Five Times in Six Hours; Closing May Happen at $12,000

Finmax
  • Bitcoin (BTC) has shown five major price variations in the last 24 hours.
  • The closing price for the day is likely to be around 12,000 USD.

Bitcoin has time and again proved to be a very efficient and profitable investment in the whole crypto market. The current growth in the price of Bitcoin has attracted a huge number of potential investors. Especially, the number of intraday traders is rising in Bitcoin’s arena. Here is an analysis of the Bitcoin’s price trend for the last 6 hours. Let us now look at the current details of the coin.

BTC Price Statistics-

Bitcoin Price Chart - 29 June
Bitcoin Price Chart
Bitcoin (BTC) 29th June 08:32 UTC
Rank 1st
ROI (Return on Investment) 8,611.81%
Coin Circulation 17,787,162 BTC
Market Cap 206,363,268,730 USD
Value in USD 11,665.49 USD
All-Time High 20,089 USD
24h Volume 32,394,300,462 USD

BTC to USD Price Comparison-

Bitcoin faced a dip in the price by 3.78% between 02:43 UTC and 05:23 UTC trading from 11201.50 UTC to 10771.76 UTC. It was followed by a massive gain of 12.28% in the next 6 hours and 33 minutes where the coin traded at 12094.54 USD. Again, a hike of 7.64% was noticed between 13:26 UTC and 23:20 UTC, and the price flipped from 11550.66 USD to 12433.62 USD. This was also followed by a steep fall of 8.67% that happened over 4 hours and 47 minutes. There was a final cursory hike of 4.26%, and it was done over 3 hours and 50 minutes. In total, the coin has shown five major price variations in these 6 hours.

Finmax BTC

BTC Price Prediction-

The coin is having a good time in the market, and the current bullish period is going to take the coin to greater heights. As per our prediction, by the time it closes, the value may be beyond 12,000 USD mark.

Conclusion-

It is a good time for investors to buy fresh coins. But short-term traders need to stay cautious at the steep and unprecedented price swings.

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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