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Price Analysis

Bitcoin Price Analysis: BTC Price Keeps Its Adventurous For The Traders

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Bitcoin (BTC) price recently spiked the price at everyone’s surprise. The coin was under selling pressure in yesterday’s market. Today, the market is spending an adventurous day. The coin has touched $9200 twice till now, and it won’t be a surprise if BTC crosses $9300 before ending the day.

The day like this gives an opportunity to the traders to dig in and purchase the coin when it is at the lowest. We believe that BTC will soon be crossing over $10,000, so entering the market at around $8800 or below wouldn’t be bad.

Let’s have a look at the current statistics of Bitcoin.

Bitcoin (BTC) Price Statistics:

  • The price of Bitcoin (BTC to USD) is $9,141.39.
  • The 24hr volume is noted as $14,294,968,632.
  • The return on investment is around 6,656.38%.
  • The circulating supply is marked at 17,767,762 BTC.
  • The market capitalization is $162,421,972,070.

Bitcoin Price Chart - 19 June

The BTC Chart is taken from Trading View on 19th June 2019, at 12:11:41 UTC for price analysis. The day started with a price drop in Bitcoin. The drop was of 0.79% as the price slipped from $9135 to $9062. The chart is indicating the price touched $9200 twice till now. If we compare the current BTC price, which is $9162 with the opening price, which was $9100, the progression will be reflected by 0.68%.

Bitcoin Price Prediction:

Bitcoin will have a better day tomorrow than that of today. The fall is temporary and will soon reflect a price surge. The intraday investors can go for Bitcoins as the coin is at the right price momentum. By the end of 2019, the BTC price could reach $12,000.

Conclusion:

Investors in Bitcoin can go for both long and short term investment as the future looks brighter. The coming days in Bitcoin are likely to lay some good counters on the BTC chart.

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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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