Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) is Flirting with $9000; What next?

eToro
  • Bitcoin (BTC) can now touch 9000 USD anytime soon.
  • The 2019 target should be 25,000 USD.

Bitcoin (BTC) is truly the king amongst all the crypto coins available in the market in the current times. This coin has been dominant for many years, and now it has started affecting other Alt coins prices as well. Recently, Bitcoin brought ecstasy amongst the investors after touching the 8000 USD mark. But the way it has crossed the 8000 USD mark, investors have one question in common, what is next? We predict Bitcoin to reach 10,000 USD mark in no times. But that will not be a complete good story for the Bitcoin investors. From 10,000 USD the coin may not climb as it has been climbing. The resistance point may push the coin to lose some of its value for the short-term. But in the long-term, the coin will gain again. By the end of 2019, the target price should be 25,000 USD. Let us look at the current figures of Bitcoin (BTC).

Current Bitcoin Price Statistics-

Bitcoin price chart

eToro Crypto
  • Bitcoin (BTC) is the largest crypto coin in the global crypto market.
  • The ROI (Return on Investment) stands at 6324.50%.
  • A total of 17,730,625 BTC coins are in current circulation.
  • The market cap as on 30th May at 01:44 UTC stands at 154,504,625,723 USD.
  • The value of each coin stands at 8642.86 USD.
  • The 24h volume at the same UTC stands at 23,414,810,110 USD.

Bitcoin Price Comparison-

Bitcoin (BTC) has fared in the market pretty well in these last 5 months. There is one instance when the coin fell down and reached its lowest point of the year on 07th February at 3359.77 USD. But the April market boom gave Bitcoin (BTC) a rise of 18.68% in just 1 day. The market cap as on 30th April was 92,422,889,876 USD, and the value of each Bitcoin was 5305.76 USD. The current market cap, as well as the value of each coin, is respectively 67.17% and 62.89% more than the figures for last month.

Bitcoin Price Prediction-

As mentioned earlier, the coin is now flirting with the 9000 USD mark. We predict Bitcoin to reach the 10,000 USD mark by the end of this quarter. The medium-term outlook is also bullish. By the end of 2019, the coin will be there around 25,000 USD.

Conclusion-

The existing holders should aim for 25,000 USD mark without panicking at the short stint of resistances. Buying fresh coins is advised only if the vision is long-term.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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