Bitcoin Price Analysis: Trends Are Bullish, Govt. Of India Announces A Regulatory Framework For Altcoin Anchored By Bitcoin
The mystery along ‘who is Satoshi Nakamoto’ is still prevailing as Craig Wright, who claimed to be him, appeared in court and testified regarding him not having access to Satoshi’s public Bitcoin addresses and trust information. Amidst all these, Indian national police academy has launched a course on cryptocurrency for various high-ranking officers. The objectives of the course include the functioning and legal aspects of cryptocurrencies and investigations of cases involving altcoins. Lately, the government of India announced for an official regulatory framework for the altcoins.
BTC Price Current Statistics:
- On July 08, at UTC 08:32, Bitcoin is currently trading around 11,462 USD.
- The market capitalization of Bitcoin (BTC) is 203,599,473,303 USD.
- At the same time, the 24-hrs trading volume of the crypto is 19,202,132,821 USD.
- With a return on investment of 8,351.23%, the total BTC chips circulating in the market are 17,805,700.
BTC To USD Comparison:
On June 13, Bitcoin (BTC) was trading around 8263.1 USD. However, today after 25-days, the value of the crypto has gone up by a huge margin of 38.7%. Similarly, in the weekly trading duration, the altcoin has shown a strengthening of 9.54% from the trading price of 10474.3 USD on July 02.
Bitcoin Price Prediction:
Bitcoin (BTC) might hover between 15,000 USD to 20,000 USD by the end of the year. And the movement in the altcoin is showing the signs of trading around those levels. As of now, the immediate resistance for the coin is at 11,612 USD, and additionally, the support level is at 11,219 USD. To get more information about Bitcoin predictions visit our forecast page.
Conclusion:
Bitcoin (BTC) is expanding its horizons in new markets, and India seems to be its new target. At present, the coin is moving toward the upper side of the price trend. As far as trends are concerned, the long, as well as the short-term, seems bullish and investors can go in for trading in Bitcoin.
