Price Analysis

Bitcoin Price Analysis: BTC’s Last Month’s Volatility May be Replicated For This Month As Well

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  • Bitcoin shows a price range of 13,000 USD and 9200 USD over the last 30 days.
  • The next resistance it should seek is 11,985 USD.

Over the last 30 days, Bitcoin (BTC) has been through huge volatility. In the second week of July, the coin got a huge cut in its value. BTC has seen its value being swung from 13,000 USD to 9,200 USD in this period. However, the current position of the coin seems bullish and it hints at a growth pattern of the coin. The details of the current statistics of the coin are as follows.

BTC Price Statistics-

Bitcoin Price Prediction
Bitcoin Price Chart by TradingView
Bitcoin (BTC) 10th August 01:26 UTC
Rank 1st
ROI (Return on Investment) 8,689.17%
Coin Circulation 17,867,612 BTC
Market Cap 212,339,156,614 USD
Value in USD 11,875.01 USD
All-Time High 20,089 USD
24h Volume 18,164,699,463 USD

BTC to USD Price Comparison-

On 10th July, BTC was being traded some bucks above 13,000 USD; however, it soon got a huge blow and deducted its value against USD by a whopping 29.50%. By 17th July, the coin was roaming around 9220 USD. Over the next 3 days, the coin showed some recovery and jumped to 11,020 USD. However, this recovery was also short-lived as the next variation cut almost 17% of the coin. By 28th July, it was being traded near 9212 USD, which is the lowest in the last 30 days. However, from 28th July, the coin has been on a bullish path. It has crossed two of its resistances in this period. From 28th July to 06th August, BTC has been able to fetch a 33% growth. However, from 12,200 USD price point, the coin has been on a slope and the coin has been on a loss of 600 USD since then.

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The market cap on 10th July was 232,571,928,790 USD and the value of the coin was 13,078 USD. The current market cap and the value of the coin against USD are respectively 8.69% and 9.19% down in comparison with the values of last month.

Bitcoin Price Prediction-

Bitcoin, as the market pioneer, has time and again proved its worth and it has always shown unprecedented growth which helps the whole market as well. The coin, by the end of 2019, may find itself near 15,000 USD. The details of the resistances and support levels are given below.

Bitcoin (BTC)
1st Resistance 11985.68333 USD
2nd Resistance 12108.42667 USD
3rd Resistance 12246.39333 USD
1st Support Level 11724.97333 USD
2nd Support Level 11587.00667 USD
3rd Support Level 11464.26333 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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