Price Analysis

Bitcoin Price Analysis: Bitcoin Stands on its Feet by Gaining Almost 3.5%

  • Bitcoin has shown five huge price swings in the last one month.
  • The next resistance point is likely to be 10,000 USD.

After being hit by a steep push to the ground, Bitcoin has been partly successful in getting on its feet again. It lost almost 14% overnight yesterday, but over the last 24 hours, it has added almost 3.5% to its price. As per the experts’ views, the coin is likely to have a bullish ride till the end of this year. The price target for 2019 should be 15,000 USD. Let us look at the current details now.

BTC Price Statistics-

Bitcoin (BTC)18th July 02:30 UTC
Rank1st
ROI (Return on Investment)7,119.85%
Coin Circulation17,823,575 BTC
Market Cap174,167,969,639 USD
Value in USD9,793.00 USD
All-Time High20,089 USD
24h Volume24,064,315,046 USD

BTC to USD Price Comparison-

Bitcoin price chart - july 18
BTC chart

Over the last 30 days, BTC has shown five major price variations. The first variation was a hike of 54.19% and the coin gained 4850 USD between 18th June and 26th June. This hike was followed by a steep fall of 28.96% between 26th June and 02nd July. This fall cost the coin 3999 USD. And over the next one day and 16 hours, the coin again gained 22.41%. The next variation happened over five days from 05th June. This hike added 20.68% to the coin. It was followed by a steep fall of 29.48% between 10th June and 17th June. This fall cost the coin 3853 USD. The Market Cap on 18th June was 162,798,824,411 USD, and the value of each coin was 8951.39 USD. The current market cap and the value of each coin are respectively 6.98% and 9.40% more than the figures for the last month.

Bitcoin Price Prediction-

Bitcoin is likely to have a bullish run until the end of 2019. The coin may reach 15,000 USD by the end of 2019. The next resistance points are 10050.24 USD, 10406.68 USD, and 10850.24 USD. The support levels are 9250.24 USD, 8806.68 USD, and 8450.24 USD. Bitcoin is likely to have a good time in the coming days.

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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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