Bitcoin Price Analysis: Bitcoin (BTC) price on a roller coaster, price surge expected to continue

Bitcoin is moving in the market like a roller coaster. The people who are investing in the coin are aware of the coin’s momentum and hence the same is not surprising at all. The coin is moving at its usual pace and in the coming months Bitcoin might touch $10,000.

As per the recent news, Facebook has introduced a new coin in the crypto market. The marketers believe the coin might affect Bitcoin a lot. Hence, investing in Bitcoin with a perspective of drawing in 2020 wouldn’t be much fruitful.

Current Statistics of Bitcoin:

The price chart of Bitcoin is taken from TradingView on 20th June 2019, at 12:03:44 UTC for price analysis.

BTC Price Chart

  • The BTC to USD price is $9,255.31.
  • The 24hr volume is around $16,136,537,918.
  • The circulating supply is at 17,769,900 BTC.
  • The market capitalization is noted at 164,465,896,473 USD.
  • The Return on Investment (ROI) is marked at 6,740.58%.

Looking at the chart, the coin is reflecting a volatile movement in price. The coin opened at $9312.1. At 02:35 UTC, the coin jumped by 0.96% by touching $9385. The token started slipping and at 08:02 UTC the coin booked a regression of 1.15% because BTC price fell from $9361 to $9254. Bitcoin recovered at 11:34 UTC by climbing from $9263.5 to $9317.

Bitcoin Price Prediction and Conclusion:

The price of Bitcoin would result well in 2019. The coming year i.e. 2020 is looking a bit shaky, but the exact prediction would be possible once Facebook coin starts showing its wonders in the market. According to CryptoNewsZ’s Bitcoin price forecast, the long-term investment is still expected to remain prosperous and result-giving. The intraday investors will experience the volatile day like today for some more time.

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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