Price Analysis

Bitcoin Price Escalates to $7,500; Intraday Trading Exhibits Positive Indications

Finmax
  • Bitcoin (BTC) jumps to $7,500 after a tremendous fall, yesterday
  • The intraday price movement might help the traders to recover from previous losses

The month is on the verge of completing. The period brought heavy fluctuations that affected many coins at large. Bitcoin is on the top of the same list as it slipped to $7,400. The same is registered as the 90-day low price in BTC. Well, today, Bitcoin has again started recovering. The price escalated above $7,500 and is planning to climb a much higher level.

Yesterday, BTC was seen dealing at a high of $7,532.87 and a low of $7,446.99. The volume marked is noted as $16,268,708,849. Here is the intraday BTC chart.

Finmax BTC

BTC to USD Price Analysis:

Bitcoin started dealing yesterday at $7,486 when the price fell to $7,387 by 1.23%. The coin escalated to $7,522 by 1.83% after a few hours. The coin remained at the same level for some time and closed at $7,454 marking a mere intraday regression of 0.40%.

Today, BTC started moving up moderately and touched $7,490 from $7,454 by 0.48%. Recently, Bitcoin went up to $7,680 by 2.49%.

Bitcoin Price
BTC Chart By TradingView

BTC price is currently dealing at $7,633. The same indicates that it has crossed the immediate as well as next resistance level. The coin is on the path of breaching the major resistance level too. Here are the calculated resistance and support levels:

Resistance Level Price Support level Price
R1 $7,535.24 S1 $7,449.36
R2 $7,577 S2 $7,405.24
R3 $7,621.12 S3 $7,363.48

Bitcoin is moving with the perfect momentum. The improvement in the coin might last and bring the uptrend back. The traders who are interested in Bitcoin can pick long-term investments to fetch huge profits.

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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