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Price Analysis

Bitcoin Price Analysis: BTC Price Touches $9300 Second Time In The Row

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Bitcoin has again touched $9300 after dealing at the same price twice on yesterday’s charts. The coin is riding high on the bulls. Usually, if the currency touches a high, soon comes under selling pressure. Like yesterday, when Bitcoin touched $9300 twice, it was expected that today, the currency would be seen fighting the selling pressure. Contrary to anybody’s belief, the coin has surprised all by touching $9300 on day 2.

Current statistics of BTC:

  • The coin is at $9,292.04.
  • The Return on Investment is 6,767.73%.
  • The Market Cap is around $165,062,708,245.
  • The 24hr volume of Bitcoin is $20,491,547,792.
  • The circulating supply of BTC coin is 17,763,887 BTC.

The chart is taken from Trading View on 17th June 2019, at 11:29: 51 UTC for price analysis.

Bitcoin price chart - june 17

The coin opened at $8987 and by 01:00 UTC the price climbed to $9192, marking a progression of 2.30%. Today, Bitcoin has jumped from $8987 till $9286, reflecting an increase by 3.35%. Bitcoin cryptocurrency has shown a steady improvement in price during the entire day. With few ups and downs, the BTC could manage to touch $9300 again.

Bitcoin Price Prediction:

The coin is showing positive indications that the price may rise till $10000 in the coming months. If that turns out to be true then, 2019 will witness a glorious closing of Bitcoin price. It is speculated that 2019 would end after touching a high $12000.

The coin will be dealing with high counters in the coming years. Altogether, the future of Bitcoin could be as bright as the sun.

Conclusion:

The traders who have invested in the coin will soon draw huge dividends. People who are looking to invest in the currency are requested to wait until the coin turn bearish to carve better results on investment.

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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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