Price Analysis

Bitcoin Price Analysis: BTC Price Hikes, Soon The Bear Trend In The Market Can Affect The Surge

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Bitcoin (BTC) price opened today with the bullish trend. However, mostly all the altcoins are dripped in blood. The price surge in Bitcoin is likely to come under the pressure of other coins and start falling.

BTC price usually affects the market, but there are days when many coins act as an anchor and pull the currency. The same can take place today. The expected downfall could be because of the selling pressure, and hence, soon the charts will experience the recovery.

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Let’s have a look at the current statistics:

  • The price of Bitcoin is USD 8636.2 USD.
  • The ROI (Return on Investment) of Bitcoin is 6,291.03%.
  • The market capitalization of Bitcoin (BTC) is 153,566,355,256 USD.
  • The 24hr volume of Bitcoin is USD 19,572,730,923.
  • The circulation supply is around 17,759,375 BTC.

BTC/USD 1 Day Price Chart By TradingView

bitcoin price chart
BTC to USD 1 Day Chart

As per the Bitcoin chart from TradingView on 14th June 2019, at 22:20:46 UTC, the price graph is reflecting growth in the price. Yesterday, the coin opened at 8,145.55 USD, and today’s price of BTC started at $8255. If we compare the opening prices of both day, then the progression of almost 1% will be registered. After starting the day on a good note, the price touched a high at $8333.5 and 8457.6 respectively, but couldn’t hold up to the level and fell marking a regression. The coin is on its path towards $8700.

Bitcoin Price Prediction and Conclusion:

Yesterday, Bitcoin (BTC) crossed $8300 (awesome!). Today, the coin may suffer a pullback as many coins are falling. However, if Bitcoin holds uptight and keeps growing on the chart, then it could turn the red color into the green of many other currencies.

By the next week, Bitcoin (BTC) can cross its 52 weeks high, i.e. $9000. The intraday investors are requested to hold tight today.

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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