Price Analysis

Bitcoin Price Analysis: Bitcoin Price Surge Leads The Coin Towards $10,000

eToro

Bitcoin is riding the bulls towards $10,000 price mark. A few days back, the coin was trading at $8800. The last week brought a drastic change in the momentum of Bitcoin. The coin started climbing up, and it seems that there is no turning back for BTC in the upcoming few days.

On 16th June the coin touched $9300 twice during the day. The upsurge continued on 17th June, and the coin jumped till $9400. The coin is presently at $9700, and it won’t be a surprise if the coin crosses $10,000 in today’s trading.

eToro Crypto

Let’s have a look at the current statistics of Bitcoin:

The chart is taken from Trading View on 21st June 2019, at 09:55:48 UTC for price analysis.

Bitcoin Price Chart - 21 June
Bitcoin Price Chart

The coin is at $9,763.68. The 24hr volume of Bitcoin (BTC) is $19,707,191,897. The return on investment stands at 7,116.32%.  The circulating supply of Bitcoin is noted around 17,771,362 BTC. The market capitalization of Bitcoin is $173,513,945,098.

The one month chart of Bitcoin is reflecting price surge by 19.08% as the price on 20th May was $8221.2 and now it is trading at $9773. The first significant upsurge took place on 27th May 2019, when the price of BTC was $7921.2, and it jumped to $8891.1 by marking a progression of 12.24%. The coin soon came under selling pressure and dropped by 14.62% from $8786 to $7501.2.

Price Prediction and Conclusion:

The traders of Bitcoin must be having the best day of their trading duration. The coin is expected to move in a similar direction for the coming few days. We are assuming that BTC would be experiencing selling pressure in the middle, but by the end of June 2019, the coin is likely to cross $12,000.

Both the long-term and short-term investments look promising. The traders can dig in and book huge profits from the same.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button