Price Analysis

Bitcoin Price Escalation Takes The Coin to $10,500; Next Target $11,000

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  • Bitcoin price fuels the bullish trend.
  • BTC is likely to start the price rally in the market any time soon.

The first two quarters have turned out to be really well for the coin. Bitcoin price has touched $13,700 somewhere in the second quarter. Despite touching a fabulous high, the coin crashed along with the entire. The coin was seen touching $9400 in the third quarter itself.

Well, it seems as if the hard time has passed, and the better days are waiting for the traders. Today, the upsurge in the coin has spike hope among the investors, and they are looking up for a price surge.

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Current Statistics of Bitcoin (BTC):

  • The price of Bitcoin is at $10,583.54.
  • The ROI (Return on Investment) is marked as 7722.27%.
  • The 24hr volume is noted as $18,679,302,837.
  • The market cap is at $189,602,842,285.
  • 17,914,887 BTC coins are currently circulating in the market.

BTC to USD Price Comparison:

The chart is taken from Trading View on 04th September 2019 at 08:31:19 UTC for price analysis.

Bitcoin BTC Price
BTC Chart By TradingView

The week-long chart is reflecting an upsurge in the price of the coin. Starting from 29th August, the coin registered a downtrend. The price counters changed from $9707 to $9501 by 2.12%. On 30th August, the price switched from $9501 to $9596 by 0.97%. On 31st August, the coin moved moderately. The price changed from $9608 to $9647 by 0.28%. September started with an upsurge. On 1st September, the coin escalated from $9647 to $9788 by 1.39%. On 2nd September, the uptrend continued. Price jumped from $9788 to $10445 by 6.71%. Yesterday, the coin again jumped. The price counters switched from $10445 to $10624 by 1.72%. Today, the uptrend is intact. The coin is currently trading at $10574.

Bitcoin Price Prediction and Conclusion:

Bitcoin (BTC) has recovered from $9800 to $10500 in 24 hours. There no doubt in the potential of the coin. BTC is considered responsible for price movement in the market for many coins like DOGE, BCH, XRP, etc. There is strong anticipation that the price rally would soon be embarked in the market and it would be the one to start.

The long term investment would bring the best result to the investors.

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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