Price Analysis

Bitcoin Price Analysis: BTC Manifests Five Major Price Moves in the Last 24 Hours

  • Bitcoin shows five huge price swings in the last 24 hours.
  • The next target should be 11,060 USD.

Bitcoin has been able to grow by 1.40% over the last 24 hours. Amidst the huge volatility in the market, Bitcoin finally seems to adopt a stable way. In the last 24 hours, it has shown five major price swings. Here is an analysis of Bitcoin’s price movement in the last 24 hours. The medium-term outlook of Bitcoin is bullish, and the coin is likely to reach 15,000 USD by the end of 2019. Let us look at the current details of the coin now.

Bitcoin Price Statistics-

Bitcoin (BTC)21st July 02:59 UTC
Rank1st 
ROI (Return on Investment)7,820.05%
Coin Circulation17,828,912 BTC
Market Cap192,996,857,191 USD
Value in USD10,673.26 USD
All-Time High20,089 USD
24h Volume20,162,331,174 USD

BTC to USD Price Comparison-

Bitcoin price chart July 21
Bitcoin Price Chart by TradingView

Bitcoin faced its first price swing between 01:12 UTC and 07:03 UTC. This hike of 2.73% added 284.30 USD to the value of each coin. It was followed by a fall of 2.11% between 07:03 UTC and 11:14 UTC. This fall cost the coin 225.30 USD. The next variation was a hike of 4.99% between 11:14 UTC and 17:11 UTC. This hike added 523 USD to the value of Bitcoin. Another small yet extending hike was noticed between 17:43 UTC and 23:06 UTC. This hike of 1.92% has added 209 USD. The latest variation was a fall of 3.65% over the next 3 hours and 1 minute. It has cost the coin 405 USD. These are five huge price swings over the last 24 hours, and all of the variations lie in the range of 2% and 4%.

Bitcoin Price Prediction-

The medium-term outlook of Bitcoin is bullish. The coin may get to as high as 15,000 USD by the end of 2019. The next resistance points of Bitcoin may be found at 11060.10 USD, 11353.07 USD, and 11657.48 USD. The support levels are 10462.72 USD, 10158.31 USD, and 9865.34 USD.

Conclusion-

Bitcoin has a bullish medium-term outlook. Investors should aim at long-term holding for gaining huge profits. The next target should be 11,000 USD. 

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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