Price Analysis

Bitcoin Price Analysis: After trading above $11,000 now, When will Bitcoin start its persistent trade above $12000?

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  • Investors prefer Bitcoin over Libra for higher security and better returns
  • Bitcoin surges 5% since yesterday and continues to trade above $11,000

Bitcoin may have slowed down a bit during the mid-week but the coin has again picked up the pace and continues to attract more investors. BTC has remained a preferred choice among traders for its higher security benefits and huge profits over newly introduced currencies like Facebook’s Libra. The coin may not have moved beyond $13,000 as yet but it may pick up the pace soon and go on the Bull Run again. The current market statistics lead to progressive and upward trends ahead.

Bitcoin Price Statistics:

Bitcoin has shown an uptrend of over 5% since yesterday rising from $10,783.70 to its current value of $11,360.08 as on July 6, 2019 at 05:59:26 UTC. The coin started surging steeply since the beginning of the day and rose from $11,044.04 to its current value. This has resulted in an increase in value for other coins as well.

BTC Price Chart

  • The current trading price of BTC is noted at $11,360.08
  • The market cap of the coin is now $202,479,924,182
  • The 24 h volume has been $23,941,553,130
  • The circulating supply of the coin has reached 17,801,225 BTC
  • The ROI of Bitcoin stands at 8,368.32%

Bitcoin may cross $11,500 mark by the end of the week. The coin has already crossed yesterday’s opening value of $11,202 and may even rise up to $11,900 in the next 2 days.

Bitcoin Price Prediction:

Bitcoin may have given slow trends in the last one week when the price of BTC was noted at $11,000. The whole week was a topsy turvy ride for BTC traders, but it may change next week onwards as the coin may rise up to $12,000 again. By the end of July, BTC may start trading above $13,000. Bitcoin is expected to trade around $15,000 to $20,000 mark by the end of the year and set a new record high value.

Conclusion:

This is a perfect time to invest in Bitcoin as the coin continues to maintain top position in global ranking and assures long term profits.

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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