Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) Breaches $9800, Next Target $10,000

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Bitcoin price has crossed $9800 and steadily moving towards $10,000. Today, we have witnessed a remarkable day in the history of Bitcoin after the Bull Run of 2017. The coin opened around $9322 on 20th June closed at $9,527.16. However, today the coin started at $9579 and now trading around $9800. The marketers are eyeing for the coin to cross $10,000 soon. The expectation seems achievable as the momentum of the coin is fabulous. Bitcoin is currently trading at a 52 Week High price. The last 52 week high was booked on 17th June when the coin crossed $9400. In just 3 days, the currency magically breached another resistance level.

Current Statistics of Bitcoin to USD Price:

  • The price of Bitcoin is at 9,828.6 USD.
  • The circulating supply is around 17,771,575 BTC.
  • The Return on Investment (ROI) is marked as 7,178.61%.
  • The Market capitalization is noted as 175,013,841,196 USD.
  • The 24 hr volume stands at 20,309,746,856 USD.

The chart is taken from Trading View on 21st June 2019, at 11:27:00 UTC for price analysis.

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Bitcoin Price Chart

 

Looking at the momentum of the coin in the BTC chart, yesterday, the coin jumped from $9322 to $9377.6 in the first hour of the day. The coin soon slipped down by 1.40% from price $9377 to $9246. The coin skyrocketed at 11:22 UTC from $9261 to $9,580.3, giving an impression of 3.40% growth. The coin touched $9800 in today’s trading after opening at $9580.3. The growth marked from $9580 to $9859 is around 2.91%.

Bitcoin Price prediction and conclusion:

The BTC price is likely to touch $10,000 sooner or later, and if it continues to trade with the current momentum, it is going to be the best weekend for the Bitcoin investors out there. The upsurge in the coin is expected to continue for a reasonable period. However, the coin will experience a bump because of the selling pressure.

The long-term investment is assumed to result in giving for the coin. The investors can dig in for huge dividends. Intraday investors are also likely to earn a massive return in the current scenario.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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