Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) Leads Market Surge With 15% Growth In 5 Days

  • Bitcoin records 15% surge in the week, more to follow
  • Bitcoin may cross $9000 milestone by June end

Bitcoin grows, and the other coins follow. The week has proved to be a highly profitable one for the cryptocurrency holders and all thanks to Bitcoin for accelerating towards growth trends. The market price of BTC price started picking pace after June 13 and currently trading above $8500. The day is not far when it will once again cross $9000 but this time will hold it for a longer duration as the current market performance looks satisfying.

Current Statistics From Bitcoin Price Chart:

As on June 15, 2019 at 08:20:45 UTC, BTC price is trading at $8695.70 and moving in the upward direction. Since the beginning of this week, BTC has shown a growing trend, and in the last 5 days, it has recorded an upward surge of over 15% rising as high as $8732.62 from $7511.67 recorded as on 10th June. The growth in BTC price has led other altcoins to follow through, which have also reported a considerable price surge.

BTC Price Chart -15 June

  • The price of BTC token is noted at $8,695.70
  • The market cap of the coin stands at $153,748,006,878
  • The 24 h volume has reached $19,548,724,326
  • The circulating supply of the coin is now 17,760,025 BTC
  • The ROI of the coin stands at 6,302.66%

In the last 30 days, BTC token recorded a high of $9000 but again fell back below this value to trade within $8000 range, however, it is expected to rise steeply in the coming days.

Bitcoin Price Prediction:

Bitcoin may cross the $9000 mark by the end of June 2019, and it may peak as high as $12,000 by the end of the year. BTC has shown over 3X growth in the last 5 months, and if it continues to grow at the same pace, it may soon be able to cross its all-time high in the years to come.

Conclusion:

Bitcoin is gaining popularity worldwide and becoming a mainstream mode of payment. Hence, investment at this point in time is the best option for future benefits.

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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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