Price Analysis

Bitcoin Price Analysis: BTC Price Soon To Recover From Selling Pressure And Reach At $10000

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Bitcoin touched Year-To-Date high day before yesterday. The market usually falls due to the selling pressure after touching a high. Surprisingly, the coin walked upward, and at around 12 UTC, BTC again touched $9300. The investors were smiling because of the chart. Well, this is not the entire story. BTC at $9300 was a small trailer because the coin kept moving upwards and gave the best shock by crossing $9400 on the price chart.

The coin is now under selling pressure and falling on the price chart, but the expectations are still high as Bitcoin has started moving up. It won’t be a vague assumption to see Bitcoin at $10000 in the approaching months.

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BTC Price Chart:

The BTC chart is taken from Trading View on 18th June 2019, at 08:32:27 UTC for price analysis.

Bitcoin price chart - june 18

Summary of BTC Price statistics:

  • The price of the coin is 9,136.57 USD.
  • The Return on Investment is around 6,652.82%.
  • The circulating supply is marked as 17,765,337 BTC.
  • The 24hr volume of Bitcoin is 15,854,380,264 USD.
  • The market capitalization is noted as 162,314,232,313 USD.

The coin chart is currently reflecting an upward movement in Bitcoin. The coin is likely to come out of the selling pressure today itself. Bitcoin opened today at $9367.3 and soon fell to $9052 marking a regression of 3.39%.

Yesterday was a historic day for Bitcoin. The coin booked a progression of 3.13% as the opening price of BTC to USD was $9081, and the closing price was $9367.3. The coin touched $9300 twice during the day. At around 23:00 UTC the coin touched $9400.

Bitcoin Price Prediction and Conclusion:

The coin is soaking red for now, but in the coming days, the coin would bounce back and deal in great counters. The flourishing price chart Bitcoin has never disappointed the investors, and lately, it is the most result giving currency of the crypto market.

The long term and short-term investors can go for the currency to book profits.

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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