Price Analysis

Bitcoin Price Analysis: Bitcoin (BTC) Price Plunges in the Intraday Chart

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Bitcoin has locked itself at $10,600 level. Whenever there is a fall in the market, Bitcoin is found hovering around the same level. The stability in the coin has hyped our expectation. Today, the market is again suffering, and most of the coins are seen fall. Bitcoin is again at $10,600 and is trying to climb up. We are positive that the coin would again bring the upsurge in the market.

BTC to USD Price Comparison:

The BTC chart is taken from TradingView on 04th August 2019 at 10:22:57 UTC.

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Bitcoin price chart - Aug 4
Bitcoin Chart By TradingView

Looking at the chart, we can observe a drop in BTC price. Yesterday, the Bitcoin opened at $10,540. The coin immediately jumped from $10540 to $10852. The upsurge was of 2.96%. The coin kept dealing at $10800 for the rest of the day. The highest price touched by BTC was $10917. Today, the coin opened with an upsurge. The currency changed from $10825 to $10900. Soon, the coin dropped from $10900 to $10608 by 2.68%.

Current Statistics of Bitcoin:

Particulars Bitcoin (BTC)
Price 10,729 USD
Rank 1
Market Cap 191,412,047,619 USD
24-hour volume 14,326,946,034 USD
Circulating Supply 17,857,012 BTC
ROI 7822.11%

Bitcoin Price Prediction and Conclusion:

The market trend has been quite disturbing from some time. The last month took Bitcoin to $13,000 but also took it back to $9000. The volatility in the crypto market has raised many eyebrows. We are looking forward to the month to bring some positive changes to the market. The beginning of the same is quite promising. Bitcoin price is continuously climbing. There is not much difference in the coin despite the drop. All of these are positive indications. In the upcoming months, Bitcoin would be seen dealing around $15000. The investors for the long-term plan would bring huge profits.

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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