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Price Analysis

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 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 20th May at 4:17 UTC is as follows:

Bitcoin Price Chart

 

Particulars

 

Statistics

Price (USD)8085.99
Market Capitalization141,250,055,773 USD
24h volume24,670,273,077 USD
Circulating Supply17,710,887 BTC
Return on Investment5,821.35%

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.

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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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