Bitcoin the anchor of the crypto market crosses $11,000, while currently ranging between $10,600 to $10,950. Facing a sway between the said range certainly will take days for BTC price to trade above $11,000 persistently.
It was 15 months ago when BTC had manifested an $11,000 price mark. Now that it has set a new record, it is expected to surge higher than the Bull Run of 2017 helping potential investors to binge the market.
Looking at the growth statistically, BTC is presently trading at $10,813.01 at 5:44 UTC as on 24th June with a total Market Capitalization of 189,965,917,393 USD, enticing other coins to pump the crypto market by a total of $25 billion and beyond.
Bitcoin Price Comparison:
As per the stated time frame, it is observed that Bitcoin price was moving stably for good 1 hour without major price points on fleek. It was around 4:40 UTC that the price got an upward momentum showing an increase of 1.15% to trade from $10656.38 to $10778.62 in just 23 minutes. Post which it again started moving with a steady momentum as it had before the said change.
When analyzed technically, in the past two hours, Bitcoin spikes fueling the Moving Average Convergence Divergence (MACD) with a bullish crossover above the 9-days EMA. The 6-day SMA lies above the 20-days SMA as the major chunk of the growth is from the last week.
BTC to face resistance at $11215 with a marked support level at $10525.6. The said support level is well backed by the range within which it is majorly trading from the past 24 hours.
BTC Price Prediction:
Accordingly to future BTC forecast, the BTC trend synthesizes an upwards momentum to price above $11,000 and beyond constantly. The weekend adrenaline has rushed through the nerves of the anchor to cascade the market as it is expected to touch $15000, which prior to the current Bull Run was predicted to be hovering around $12000.