Bitcoin Price Analysis: BTC Takes Two Steps Back from $12,000

  • Bitcoin (BTC) moves back; 12,000 USD remains a distant dream.
  • The medium-term of the coin is likely to be bullish.

Bitcoin (BTC), the king of all coins, seems to have stepped back and now it is way behind its projection of breaching 12,000 USD anytime soon. The past month has given huge volatility to the coin. From the 9100 USD price level, The coin has seen 12,200 USD in these 30 days. However, the next month is likely to become bullish for the coin and by the end of 2019; the coin may reach 15,000 USD. Below are the details of the current statistics.

BTC Price Statistics-

Bitcoin Price Prediction

Bitcoin (BTC) 12th August 02:22 UTC
Rank 1st
ROI (Return on Investment) 8,375.48%
Coin Circulation 17,871,525 BTC
Market Cap 204,922,075,147 USD
Value in USD 11,468.79USD
All-Time High 20,089 USD
24h Volume 15,187,908,432 USD

BTC to USD Price Comparison-

On 12th July, BTC was being traded near 11,912 USD and in the next 4 days, the coin experienced the worst devaluation of the month. The 22.96% devaluation cost the coin 2734 USD and took it to 9178 USD. It was followed by a small stint of growth and it helped the coin to be placed at 11,000 USD by 20th July. However, this marginal hike was also not a long-standing one. The coin again got a setback which pushed it to 9178 USD by 28th July. The last swing is the deciding one. From 28th July, BTC has been on the receiving end. It added 3048 USD and it was at 12,226 USD by 06th August. From 6th August, however, it has been moving on a slope. The market cap on 12th July was 205,009,152,590 USD and the value of the coin stood at 11,912 USD. The current market cap and the value of the coin are respectively 0.04% and 3.72% less than the data of the last month. You can check our Bitcoin price forecast to get detailed information by clicking here about the predicted prices of the future for the coin.

Bitcoin Price Prediction-


Bitcoin has been down in the last few days, but it was racing with its full might towards 12,000 USD. However, the coin may see a price rally soon and it may be near 15,000 USD by the end of 2019. The details of the resistance and support levels are as follows.

Bitcoin (BTC)
1st Resistance 11615.34333 USD
2nd Resistance 11707.10667 USD
3rd Resistance 11890.63333 USD
1st Support Level 11340.05333 USD
2nd Support Level 11156.52667 USD
3rd Support Level 11064.76333 USD


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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