Price Analysis

Bitcoin (BTC) Price Analysis: Bitcoin Price Explores New options of Pushing BTC in the Mainstream Market

  • Bitcoin explores options of increasing BTC usability through gold investment
  • Bitcoin to rise higher in the coming months after a slowdown

Bitcoin has the power to take the entire cryptocurrency market on an upswing or downtrend. The fate of a lot of cryptocurrencies lies in the hands of this market leader, and with its Bull Run in the recent past, most of the currencies seemed to have joined the train of surging prices. To give the traders an option of using BTC for investments, it is exploring partnerships for BTC based gold investments. This strategic move can help it tap the potential of new markets and gain popularity. The current market performance shows a decent picture.

Bitcoin Price Statistics:

Bitcoin has shown almost 94% uptrend in the last 3 months moving from $4051.88 to its current price of $7885.85 as on June 9, 2019, at 04:40:56 UTC. The coin started slow surge from April onwards and picked pace post May 20 to reach $8919. In the last 30 days, the highest recorded value of BTC coin is $9008.

Bitcoin Price Chart- June 09

ParticularsStatistics
Price  (USD)7885.85
Market Capitalization140,430,166,935
24h volume16,314,036,137
Circulating Supply17,748,775 BTC
Return on Investment5,747.29%

BTC is on a growth curve with a few dips here and there, but the coin may pick momentum once again post June to reach new benchmarks.

Bitcoin Price Prediction:

Bitcoin prices may increase in the second half of the year, and it may cross the $10,000 mark in the next few months. By the end of 2019, BTC may be trading at around $12,000 and two years down the line, the price of the coin is likely to cross new price benchmarks as observed in the Bull Run of 2017 and many more on its way.

Conclusion:

Investing in Bitcoin is like planning and securing the future as BTC will lead the financial revolution in the next few years, and the brownie points will go to those who invested in the coin at the right time for long term gains.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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