Price Analysis

Bitcoin Price Analysis: BTC Shows a Rising Trend From the Start of the Year Until Now

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Curtin University, which is the biggest University in the Western Australia, has announced the PhD program on Cryptocurrency and Blockchain technology. This program will funded by Ethereum and Bitcoin. The higher authorities of the University have agreed to open Cryptocurrency as a payment method too.

Well, this might tend to increase the users in the network of BTC and ETH.

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BTC Price Statistics:

Bitcoin is currently trading at $10089.01 at 06:48 UTC as on 27th July 2019. The other factors are as below:

  • Return of Investment: 7363.59% (increased by 3.6% from yesterday)
  • Total supply/ Circulating Supply: 17,840,512 BTC/ 17,840,512 BTC
  • 24 Hour Volume: 15,345,085,762 USD
  • Market Cap Value: 180,157,784,939 USD
  • 7 Day high/ low: 11,048.66 USD/ 9,614.31 USD

BTC to USD Price Comparison:

Considering the coin’s statistics from past 6 months, BTC on 7th February was trading at the lowest price of $3347.64. The value was tremendously escalated by 165.62% on 30th May to trade at $8892.01. Further the coin again saw an upsurge by 55.12% on 26th June with the highest price of the year until now at $13,793.

Bitcoin price chart July 27
Bitcoin Price Chart by TradingView

However, on 2nd July the coin dropped by 28.74% trading at $9829.47. In the next few days, the value was increased by 33.70% on 10th July when the coin again changed its counters and mounted at $13070.38. From then, the current trading value is dropped by 22.37%.

Bitcoin Proice Prediction and Conclusion:

Traders and investors might want to hold on to their positions until they see some positive surge in the trading price of the coin.

BTC has shown a tremendous growth since the beginning of the year, and we are hoping that BTC will be able to pull off a surprising trade by end of 2019. And with this the coin is expected to trade around $15,000 to $20,000 by the end of the year.

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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