Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) Crosses $12,500; Prices to Surge By End Of The Day

  • Bitcoin goes beyond 12,500 USD.
  • The closing price may go around 13,000 USD.

Bitcoin has finally breached the previous price predictions and gone beyond 12,000 USD. As far as its daily growth is concerned, it has become one of the fastest growing coins. Due to its heavy growth and volatility, the number of speculators and short-term investors has also increased. Here is an analysis of the price growth pattern in the last 4 hours of the king coin, Bitcoin.

Let us first look at the current details of the coin.

BTC Current Price Statistics-

Bitcoin Price Chart - 26 June
Bitcoin Price Chart
Bitcoin (BTC)26th June 09:24 UTC
Rank1st
ROI (Return on Investment)> 9000%
Coin Circulation17,781,287 BTC
Market Cap223,721,879,651 USD
Value in USD12,535.06 USD
All-Time High20,089 USD
24h Volume30,563,131,722 USD

BTC to USD Price Comparison-

Bitcoin faced its first triangle trap between 05:32 UTC and 05:58 UTC. Wherein, the coin first gained 1.18% over 10 minutes and faced a dip of 1.13% in the remaining 16 minutes. It was followed by a huge growth of 2.15% between 05:58 UTC and 06:54 UTC. It was again followed by 1 fall of 1.63% in the next 28 minutes.

Bitcoin again faced a fall of 1.31% between 07:48 UTC and 07:58 UTC. It was again followed by a hike of 1.40% in the next 1 hour.

BTC Price Prediction-

The coin is having multiple alternate phases of bullish push and bearish pulls. As per our prediction, the coin is likely to be around 12,920 USD to 13,000 USD by today’s end.  The coin may encounter with many such episodes of ups and downs.

Conclusion-

As the coin may get a bullish day’s end, it would be a wise decision for traders to wait for any price above 12,900 USD.

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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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