Bitcoin Price Analysis: Bitcoin (BTC) Stays at $13,800 for A While; More Fireworks are Awaited

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  • Bitcoin (BTC) went beyond 13,000 USD and stayed at 13,800 USD for a while.
  • Next resistance may be faced near 13,956 USD.

Bitcoin (BTC) is on fire. From the last few days, the coin has been breaching targets after targets. Potential investors have started to draw a parallel between Bitcoin and other reliable assets like Gold and Bond. In the last 24 hours, BTC price has shown five major price variations.

It even went beyond 13,000 USD for a while yesterday. The first major hike was between 02:22 UTC of yesterday and 05:16 UTC. The coin gained 9.70% in this period. It was soon followed by a dip of 5.24%, which happened in the next 4 hours 37 minutes. Between 09:50 UTC and 19:55 UTC the coin got a huge push of 13.08%, and this push enabled the coin to reach 13,828 USD. It was followed by a fall of 16.77% over the next 1 hour and 16 minutes. The final push happened between 21:12 UTC and 00:30 UTC of today and it accounts for 16.17%.

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The medium-term outlook is bullish for Bitcoin. The coin is likely to trade beyond 15,000 USD in a few months and may cross 20,000 USD by the end of 2019. Let us look at the current details of BTC chart.

BTC Price Statistics-

Bitcoin Price Chart - 27 june
Bitcoin Price Chart
Bitcoin (BTC) 27th June 01:59 UTC
Rank 1st
ROI (Return on Investment) > 9000%
Coin Circulation 17,782,637 BTC
Market Cap 230,747,758,380 USD
Value in USD 12,725.10 USD
All-Time High 20,089 USD
24h Volume 45,586,848,930 USD

BTC to USD Price Comparison-

At the onset of April, Bitcoin got its first push with a hike was of 29.82% which happened over 8 days. The next hike of 58.38% was between 25th April and 15th May. Then the coin experienced a fall of 10.76% in 7 days from 2nd June. The latest hike of 66.05% was between 9th June and 26th June. The market cap on 27th May was 156,864,044,852 USD, and the value of each coin was 8732.53 USD. The current market cap and the value of each coin are respectively 47.10% and 45.72% more than the values of the last month.

Bitcoin Price Prediction-

The coin has a bullish medium-term outlook. By the end of this year, Bitcoin is likely to go beyond 20,000 USD. The resistance points are 13956.61333 USD, 14896.99667 USD, and 15997.50333 USD. The support levels are 11915.72333 USD, 10815.21667 USD, and 9874.833333 USD.

Conclusion-

The coin is now the king of good times. The way it is growing cannot be matched with any other investment avenues. Long-term investment may give huge profits over current investment.

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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