Bitcoin Price Analysis: Bitcoin (BTC) Gains Strength; How Far is $15,000?

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  • Bitcoin (BTC) got strengthened in the last 24 hours.
  • The target for medium-term is unchanged at 15,000 USD.

Bitcoin has been far from being stabilized in the market. It has been showing huge ups and downs since the last few days. In the last 24 hours as well, Bitcoin has shown five huge price variations. The first fall it faced was between 00:14 UTC and 06:10 UTC. It lost 973 USD in this fall. It was followed by a hike of 6.39% over the next 2 hours and 58 minutes. Then again, a fall of 672 USD was noticed between 09:10 UTC and 11:34 UTC. The biggest hike was that happened between 11:34 UTC and 17:44 UTC. It added almost 1118 USD to Bitcoin and pushed its value again to beyond 10,500 USD. The latest one is a hike of 8.09% or 856 USD that happened over 4 hours and 31 minutes. The medium-term outlook is bullish for Bitcoin.

BTC Price Statistics-

Bitcoin Price Chart - 3 July
Bitcoin Price Chart
Bitcoin (BTC) 03rd July 02:38 UTC
Rank 1st
ROI (Return on Investment) 8,228.02%
Coin Circulation 17,794,400 BTC
Market Cap 200,810,300,849 USD
Value in USD 11,290.14 USD
All-Time High 20,089 USD
24h Volume 33,068,223,723 USD

BTC to USD Price Comparison-

Looking closely at the price movement of Bitcoin, one can see the degree of change. The coin got a huge hike of 2945 USD or 57.17% between 29th April and 15th May. This hike helped the coin to reach 8000 USD from 5000 USD. It was followed by a small stint of fall between 26th May and 09th June. In these 14 days, the coin lost 12.20% or 1059 USD. Then again a huge hike was noticed between 09th June and 26th June. This time the coin has gained 5423 USD or 71.37%. This hike pushed the coin to 13,000 USD. From there the coin has been showing weakness. A small stint of fall is noticed recently between 28th June and 1st July of 13.86%. This fall made the coin to lose 1714 USD. The market cap on 03rd June was 151,277,297,003 USD, and the value of each coin was 8097.76 USD. The current market cap and the value of each coin are respectively 32.74% and 39.42% more than the figures for the last month.

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Bitcoin Price Prediction-

The medium-term outlook of Bitcoin is bullish, and it is likely to reach 15,000 USD by the end of this year. The next resistance points are 11229 USD, 11658 USD, and 12404 USD. The support levels are 10055 USD, 9309 USD, and 8881 USD. The coin has a huge potential.

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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