Price Analysis

Bitcoin Price Analysis: BTC’s Mayday Forced Coin Below $10,000

  • Bitcoin falls below 10,000 USD price level with a cut above 5% overnight.
  • The BTC’s next halt may happen at 9,700 USD.

Bitcoin (BTC) has finally demolished all expectations of a price recovery anytime soon by falling below 10,000 USD. It is currently being traded near 9971 USD. With three major downward price swings, the coin could not show any significant signs of growth over the last 24 hours. Before analyzing the BTC price movement for the day, we should start looking at the current details of the coin.

Current Statistics of Bitcoin:

Bitcoin (BTC)15th August 02:28 UTC
Rank1st
ROI (Return on Investment)7,336.69%
Coin Circulation17,875,000 BTC
Market Cap180,033,716,255 USD
Value in USD9,971.48 USD
All-Time High20,089 USD
24h Volume19,638,875,751 USD

BTC to USD Price Comparison:

Bitcoin Price Chart - 15 Aug
BTC Chart by TradingView

Since the opening of 14th August, BTC has been under immense pressure. Between 00:10 UTC and 09:24 UTC, it lost 472.57 USD making a 4.36% cut in the value against USD. After a few hours of rising, it again faced a dip in the value which took the coin from 10,626 USD to 10,040 USD by 17:14 UTC. From there, The coin showed some strength and it managed to sustain near 10,200 USD. However, from 22:08 UTC it started falling and it reached 9983 USD from 10,240 USD in 4 hours. The coin has now corrected up to 9971.48 USD.

Bitcoin Price Prediction:

The coin is on a slope and it is most likely to fall further. As far as the support levels are concerned, it may next find itself around 9,700 USD. However, experts have predicted BTC to have a bullish run very soon. The details of the resistance and support levels are given below.

Bitcoin (BTC)
1st Resistance10618.12667 USD
2nd Resistance11184.55333 USD
3rd Resistance11479.54667 USD
1st Support Level9756.706667 USD
2nd Support Level9461.713333 USD
3rd Support Level8895.286667 USD
Tags

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.
Back to top button
Close