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Price Analysis

Bitcoin Price Analysis: Father Of Cryptocurrencies Bitcoin (BTC) Crosses $9000

  • Bitcoin proved to be the father of all cryptocurrencies by touching 9000 USD.
  • The 2019 prediction target remains at 12,000 USD.

On the special occasion of Father’s Day, the crypto industry is not left out. The celebration of Father’s Day in the crypto industry is not by giving respect but by proving oneself. Time and again, Bitcoin (BTC) has proved that it is not only the oldest but also the strongest coin of all. The gap between the top Bitcoin and second-ranked Ethereum (ETH) is extended that it emerges as the “Father of all Cryptocurrencies” without any conflict. Probably the coin has already set its mind to prove the above notion by gaining huge on this day as well. The almost 300 USD rise in the value of Bitcoin (BTC) has finally helped the coin to touch the highly anticipated mark of 9000 USD. It has been more than one year everyone active in the whole crypto industry was anticipating Bitcoin’s 9000 USD value gain. Along with this value gain, Bitcoin (BTC) is currently having above 1million active addresses, which is the highest since November 2017. Let us analyze the current details of the coin in details.

Current Statistics From Bitcoin Price Chart:

Bitcoin Price Chart - 16 June

Bitcoin (BTC)16th June 04:34 UTC
Rank1st
ROI (Return on Investment)6,546.44%
Coin Circulation17,761,637 BTC
Market Cap159,562,407,430 USD
Value in USD9015.26 USD
All-Time HighUSD 20,089.00
24h Volume18,595,813,646 USD

Bitcoin Price Comparison:

Bitcoin (BTC) started the year with a moderate price level. From 06th January to 22nd February, the coin though could not get many hikes; it faced serious short-term ups and downs. The lowest point of the year also stands in that period at 3345.20 USD. By the end of March, the coin showed strength and gained 34.51% over 16 days. By the end of April also we can see another surge in the price. In just 16 days, the coin gained 57.88%. The market cap on 15th May was 143,484,567,240 USD and the value of each coin was 8175.16 USD. The current market cap and the value of each coin are respectively 11.20% and 10.27% more than the figures for the last month.

Bitcoin Price Prediction:

As we have predicted, the coin has already made its move. The near future is bullish for the coin and by the end of this year; the value may be roaming around 12,000 USD.

Conclusion:

As the coin is on a price rally, it would be a prudent decision to start investing in the coin. Looking at the huge price of the individual coin, it is advised to hold the coin for the long-term to realize maximum profits.

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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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