Bitcoin Price Analysis: Bitcoin May Act Consistent from Now, as it Climbs above $10,000

eToro
  • Bitcoin made a gain of 4% over the last 24 hours.
  • Over the last 1 month, Bitcoin has seen a price range of above 9000 USD.

Bitcoin finally seems to be on a track where it should be. Over the last 24 hours, the coin has been able to gain almost 4% and shown four significant price swings. Over the last one month, the coin has made a downward journey from 13,000 USD to 9000 USD. By the end of 2019, the coin has very high chances of crossing 15,000 USD mark. Let us find out the current details of the coin.

BTC Price Statistics-

Bitcoin (BTC) 2nd August 03:11 UTC
Rank 1st
ROI (Return on Investment) 7,597.28%
Coin Circulation 17,852,025 BTC
Market Cap 185,961,771,818 USD
Value in USD 10,404.01 USD
All-Time High 20,089 USD
24h Volume 16,945,035,803 USD

 

eToro Crypto

BTC to USD Price Comparison-

Bitcoin price chart August 02
Bitcoin Price Chart by TradingView

Bitcoin started the month of July with a moderate pace against USD and between 03rd July and 10th July, the coin was able to gain above 13,000 USD. This hike makes the highest point of the coin over the last 30 days. There was free fall of the coin over the next 6 days, and the coin was traded from 13,056 USD to 9170 USD. This fall took the coin to the lowest possible value of Bitcoin in July. However, from there, Bitcoin has gained some strength, and over the next 3 days from 17th July, Bitcoin could add 1812 USD. As of now, the coin is roaming around 10,400 USD and this figure has come after a slight fall of 5.23% over 12 days from 20th July. The market cap on 02nd July was 174,159,046,451 USD and the value of each coin was 9789.44 USD. The current market cap and the value of each coin are respectively 6.77% and 6.27% more than the figures for the last month.

BTC Price Prediction-

Bitcoin is now consistently moving upwards, and it has every potential to reach 15,000 USD by the time this year ends. The details of the resistances and support levels are as follows.

Bitcoin (BTC)
1st Resistance 10590.38667 USD
2nd Resistance 10781.10333 USD
3rd Resistance 11115.28667 USD
1st Support Level 10065.48667 USD
2nd Support Level 9731.303333 USD
3rd Support Level 9540.586667 USD

 

Conclusion-

Bitcoin has finally made a move that has been anticipated for a long time. The next target for the coin should be 10,600 USD and before the end of this month, the coin may experience another price rally.

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.

Related Articles

Back to top button