Price Analysis

Bitcoin Price Analysis: Bitcoin may Start Trading at $10,000 by the End of Day

Finmax
  • Bitcoin recorded a straight fall after rising above $10,000 yesterday

Bitcoin price movement has a massive impact on the values of a lot of other cryptocurrencies and its sudden fall to trade below $9,500 yesterday has started a wave of slow & bearish trends in the crypto market. The performance of the BTC in this month has been a roller coaster owing to new market entrants and speculations around Bitcoin’s leadership position. The coin’s current market performance, however, indicates a progressive trend in the upcoming days.

BTC to USD Price Comparison:

It has been quite a week for Bitcoin. The coin has shown all aspects, including sudden surge, sudden dip, and stable price movement. BTC started the week trading at $10,385.82 and has dipped almost 8% to trade below $10,000 at $9,465.22. BTC price slumped right after starting at $10,385.82 to hit $9595.01. Soon after, it gained momentum and started trading at $10,136.27 again but only after a brief momentum slumped to $9667.76. Yesterday, BTC managed to trade above 10k again at $10,165.37 and had a straight fall then to hit $9,411.68.

Finmax BTC

 Current Statistics of Bitcoin:

Bitcoin price chart - july 28
BTC Chart By TradingView
  • Bitcoin price is currently trading at $9,465.22
  • The market cap of the BTC is noted to be $168,898,853,901
  • 24-hour volume of the Bitcoin is $15,623,489,629
  • ROI of the coin is noted to be 6,917.18%
  • Circulating Supply has reached 17,842,200 BTC

BTC may have recovered from its $9,411 value, which is also week’s lowest value, now but there is a long way to go for the coin still. Bitcoin may start trading above $10,000 soon.

Bitcoin Price Prediction & Conclusion:

Bitcoin started the year trading at $3,700 and has recorded 3X growth since then to trade above $9,000. It has been a good year so far, and it will continue to be that in the coming months as well. BTC price may cross $15,000 by the end of the year. However, it may take a few months of the next year for the coin to cross $20,000 mark as well.

This is a good time to plan long-term gains from Bitcoin and start saving for heavy benefits in the future.

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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