Bitcoin Price Analysis: BTC After Losing 1.5% Falls to $10,600

  • Bitcoin loses 1.5% in the last 24 hours and falls to $10,600 from $10,900.
  • It may soon touch the 1st resistance at 10,933 USD.

Bitcoin price could not make any significant step forward and over the last 24 hours, it has lost almost 1.5%. It has fallen to 10,600 USD from 10,900 USD in this period. However, as the king of all coins, Bitcoin is expected to take off soon. Here we will analyze the four major price variations of Bitcoin in the last 1 day. Let us see the current details of the coin first.

BTC Price Statistics

Bitcoin (BTC) 21st August 02:39 UTC
Rank 1st
ROI (Return on Investment) 7,818.68%
Coin Circulation 17,887,962 BTC
Market Cap 191,610,785,813 USD
Bitcoin Value in USD 10,612.00 USD
All-Time High 20,089 USD
24h Volume 15,476,596,682 USD

BTC to USD Price Comparison

Bitcoin price chart August 21
Bitcoin Price Chart by TradingView

At the time of opening of yesterday, price of Bitcoin was being traded near $10,950. From there, it faced its first price correction of 1.88% and through this; it lost $205 by 06:31 UTC. After a few hours of recovery, the BTC again fell by 2.24% to reach $10,588 by 09:12 UTC. The next six hours were full of volatility and it ended near 15:02 UTC at $10,577 mark. From there the coin took an upward curve and reached $10,840 towards the closing of the day. But this growth could not be sustained for long and Bitcoin started devaluation and as per the latest data, with a fall of 1.97%, Bitcoin price currently is hovering at $10,600.

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Bitcoin Price Prediction

Bitcoin may take more than usual time to reach 11,000 USD price mark. By the end of this week, it is likely to reach its 1st resistance at 10,933 USD. However, it is expected that the BTC price is likely to touch 15,000 USD by the end of this year. Here are the probable resistance and support levels of the BTC.

Bitcoin (BTC) Resistance & Support Levels
1st Resistance Level $10933.86
2nd Resistance Level $11104.49
3rd Resistance Level $11261.94
1st Support Level $10605.78
2nd Support Level $10448.33
3rd Support Level $10277.7

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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