Price Analysis

Bitcoin Price Analysis: BTC Value has Escalated by More Than 150% Since the Start of 2019

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BTC Current Statistics:

Bitcoin is currently trading at $9719.99 at 07:03 UTC as on 26th July 2019. The other essential factors in the capitalization are as below: 

  • Return of Investment: 7106.53%
  • Total supply/ Circulating Supply: 17,838,362 BTC/ 17,838,362 BTC
  • 24 Hour Volume: 14,848,984,169 USD
  • Market Cap Value: 173,931,678,204 USD
  • 7 Day high/ low: 11,048.66 USD/ 9,614.31 USD

BTC Price Comparison:

Considering the price statistics since the start of 2019, the lowest touchdown was seen on 7th February with the trading value of $3348.11. The coin price was tremendously escalated by 163.08% on 26th May when the value was seen trading at $8736.49. However, a slight drop was seen on 9th Jun by 13.39% trading at $7620.71. 

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Bitcoin price chart July 26
Bitcoin Price Chart by TradingView

Towards the end of June i.e. on 26th June, the price of the coin escalated by 69.28% and it went beyond $13,000, resulting into amazing returns for the investors holding BTC at that point of the time. However, the value dropped by 26.79% on 16th July at trading at $9444.05. As of now, the value is escalated by 3.12% from then. 

Bitcoin Price Prediction and Conclusion:

Bitcoin and other cryptocurrencies are known for their quality of being volatile. For better returns in the future, the potential traders might want to add BTC to their investment portfolios as the coin has never failed to surprise its loyalists and lovers. The earning potential may rise to 6% in coming one year. However, some falls are predicted but in the longer term, it might be beneficial for the traders. 

With this the coin is expected to trade around $15,000 and $20,000 USD by the end of the year, once it gains the momentum to climb upwards.

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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