Bitcoin (BTC) Price Analysis: Bitcoin Bull Run Will Not Sink So Easy

Bitcoin price that was rising since a fortnight had come to a halt after the hump half of the previous week. Bitcoin value was surging at an increasing rate, but the plunge was swaying between the various price ranges. Just when the analysts and investors were assuming this fall to be the close of bull markets, the weekend pumped up again. This seemed like Bitcoin bulls can’t go back so easy.

$BTC – Weekly Close

Bitcoin closed at resistance but with the massive volume on exchanges, it's hard not to be bullish

Daily and Weekly support below $7200 to $7300 and at this time, I don't see Bitcoin going below this area before pushing up pic.twitter.com/s7kaxzseSP

— Josh Rager 📈 (@Josh_Rager) May 20, 2019

BTC value is a driver for many cosmic investors, and probably Bitcoin does not seem to be the distressing one at the moment.

Bitcoin Price Statistics at a Glance:

Bitcoin price analysis as per the price chart and data from Trading View as on 20^th May at 4:17 UTC is as follows:

BTC price is currently traded at a price of $8085.99 in the cryptomarket. The Market Capitalization that was falling and had decreased around $15 billion is back to the rising track again. BTC price is observed at a soar of $8200 with yesterday’s closing being the highest of last three days. The ROI has been supported and does not see a major fall. Currently, the BTC price is 20.86% more than the dip of $6600 observed at the onset of this weekend. The growth has been well justified to bring the investors’ interest back. The previous support levels at the fall seem to be evenly rationale as the swaying reverses to be around $8300 price mark again.

Bitcoin price is not likely to leave the bull market quickly, as the recent come back supports. Investors to get back to gazing the price board of Bitcoin and expect $8500 as the new high of the raging Bull Run.