Bitcoin Price Analysis: Bitcoin (BTC) May Go Bullish and Surge up to $12,000 Soon

It has been a good year for the Bitcoin holders as the coin has shown significant jumps every now and then. The month of June was spectacular for BTC holders giving them huge profits, and it may repeat in the next few months. Bitcoin may move past its current market trends depicting slow movements and may climb up to $11,000 in the upcoming weeks.

BTC to USD Price Comparison

Since the beginning of the year till today, Bitcoin has shown an uptrend of over 173% rising from $3790.480 to its current value at $10,350.42 as of August 17, 2019, at 04:39:48 UTC. BTC price has been seen moving upwards gradually till June but then started taking giant leaps to climb as high as $7649.63 and then making its way all the up to reach $12,973.84. Bitcoin has slowed down a bit in the last two months, but it may go bullish again soon. To know more about Bitcoin future predictions, visit our forecast page.

bitcoin price chart - 17 Aug 2019

Current Statistics of Bitcoin:

  • BTC price is noted to be $10,350.42
  • The Market Cap of the Bitcoin is now $184,600,051,169
  • The 24-hour volume of the coin stands at $19,498,515,719
  • ROI has reached 7,545.20%
  • Circulating Supply is now 17,880,912 BTC

The lowest recorded price of Bitcoin in the last week was $9,675.32 and the highest value during the same time was $11,862.68.

Bitcoin Price Prediction & Conclusion:

BTC price has recorded more than 3X growth in the last seven months, and if it grows in a similar trend, the price may trade above $11,000 in the upcoming weeks. According to BTC coin price prediction, It is anticipated that the Bitcoin price is seen to be making strong progress towards setting new targets.

This is the best time to keep bulking up the Bitcoin for long-term gains.

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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