Bitcoin Price Analysis: Stage Set For $10,000, BTC/USD Price Surge On A Spree

Bitcoin (BTC) will soon be trading at $10,000 and leading the market on its shoulders. However, the coin experienced a plunge in the prices yesterday, but today, everything seems to be normal. The current momentum has brought a smile to the faces of all investors, and we suspect stability in the prices.

The currency in the crypto market is responsible for holding the momentum and prices of many other currencies. It has been observed that if Bitcoin starts plunging, other currencies also tend to fall at the same rate and vice versa.

Let’s see what current statistics say about Bitcoin (BTC) from BTC chart.

BTC Price Chart:

Bitcoin Price Chart - 20 June

BTC to USD Price Statistics:

The coin is presently trading at 9,299.88 USD. The market capitalization of Bitcoin is 165,229,085,947 USD. The 24hr volume of Bitcoin (BTC) is 16,037,675,861 USD. The circulating supply of Bitcoin stands at 17,769,412 BTC. The return on investment (ROI) that BTC currently fetches is around 6,772.51%.

The price chart is taken from Trading View on 20th June 2019, at 05:14:08 UTC. As per yesterday’s price information, the coin opened at $9114 experienced a drop of 0.88% as the price touched $9034. The coin immediately jumped from $9034 to $9169 and booked a progression by 1.49%.

After a pump and dump in the price, the coin tried to keep it around $9200. At around 04:45 UTC, the price touched a high at $9228.6. Towards the end of the day, the price escalated from $9177 to $9324.06, marking the progression of 1.60%.

Today, the coin opened at $9289 and is moving with a fabulous momentum. The coin touched $9300 twice till now, and the progression is in continuation. The coin is expected to move in the same direction for the rest of the day. According to BTC forecast, the long-term investors are looking for BTC to touch $12,000 by the end of 2019.

Bitcoin Price Prediction and Conclusion:

Bitcoin surprisingly touched $9400 on 17th June 2019. The hike spiked a hope amongst the investors that they are now eyeing towards Bitcoin to reach $10,000 by the end of next month, only if it continues to grow with the current momentum.

The coin is the best result of giving investment in the crypto market. The anticipated price of Bitcoin looks achievable. Hence, the traders can go for the coin without any doubt.

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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