Price Analysis

Bitcoin (BTC) Price Analysis: Bitcoin Reached its 12-month High and Nearing $9000; Target Set at $25,000

eToro
  • Bitcoin is likely to reach $9000.
  • The 2019 Prediction target rests at $25,000.

Bitcoin (BTC) is being tracked for quite some time as it has emerged as the market leader. A lot of crypto coins move as per the movement of Bitcoin. The whole crypto boom that happened before some years is credited to the success of Bitcoin only. But the major point of panic also got created when Bitcoin (BTC) fell down during the last year’s crypto winter. But recently Bitcoin (BTC) has started growing, and it has reached the highest point in intra-day since 11th May 2018. It is expected to reach the 9000 USD level soon. Since the starting of the year 2019, the coin has been able to gain huge attention from the new investors, and it has inflated by 140%. This growth has also impacted the value of Ethereum. We predict the coin to reach as high as 25,000 USD by the end of this year. Let us now look at the current facts of the coin.

Current BTC Price Statistics-

Bitcoin (BTC) chart

eToro Crypto
  • Bitcoin (BTC) is the largest crypto coin in the global market.
  • The ROI (Return on Investment) stands at 6348.14%.
  • A total of 17,724,800 BTC coins are in current circulation.
  • The current market cap as on 27th May at 07:31 UTC stands at 154,590,658,272 USD.
  • The value of each coin stands at 8797.44 USD.
  • The 24h volume at the same UTC stands at 28,473,765,088 USD.

BTC Price Comparison-

As mentioned earlier, Bitcoin (BTC) has started the year with a very low price. But it has managed to show some strength in the first few months before falling again. The lowest point of the coin was on 07th February at 3314.61 USD. But major growth can be seen by the last week of April. On 25th April, the coin started growing, and in just 20 days, Bitcoin (BTC) managed to gain 59.65%. The market cap on 27th April was 92,740,963,389 USD, and the value of each coin was 5171.62 USD. The current market cap and the value of each coin are respectively 66.69% and 70.10% more than the figures for last month.

BTC Price Prediction-

As mentioned earlier, Bitcoin has managed to reach the highest point of the last 12 months. The days ahead are bullish for Bitcoin. The next resistance point will be there at 9500 USD and 10,500 USD. By the end of 2019, the coin will be trading around 25,000 USD.

Conclusion-

There is no time bad for buying Bitcoin. This is even a better timing for experiencing the growth story.

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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