- Bitcoin price marks loss with the intraday movement
- The price seems to be paralyzed around $8,010
Bitcoin (BTC) is seen badly affected by recent volatility. The fluctuation has already created chaos and looks like BTC price is slipping down. The price of the coin was $8,299 on October 01, 2019. Since the past week, we have seen it dealing around $7,900. Before the previous week, it was moving around $8,300 which was a blow for the investors.
If we look at yesterday’s chart, the coin touched a high at $8,296.65 and a low at $8,074.46. Let’s have a look at the chart.
Bitcoin to USD Price Analysis:
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Bitcoin started dealing at $8,230 when the price escalated to $8,332 marginally by 1.24%. The currency dropped in the second half to $8,033 marking a regression of 3.58%. The coin closed at the same level with an intraday loss of 2.40%.
Today, BTC to USD began the day trading at $8,077. The price started falling since the beginning of the day and touched $7,980. It kept moving around the same level for some and then jumped to $8,040.
BTC holds high potential as the currency has marked voluptuous growth in the past. The coin started the year at $3,300 and jumped to trade above $13,000. The fall in the last quarter brought the coin to $8,000. The current scenario might be disturbing, but future of the coin is great. We would recommend the traders to pick long-term investment for booking huge dividends. Apart from this, read more about Bitcoin projections to learn about future price fluctuations and price analysis all related to BTC.
Resistance Level | Price |
R1 | $8,225 |
R2 | $8,371 |
R3 | $8,447 |
Support Level | Price |
S1 | $8,002 |
S2 | $7,927 |
S3 | $7,780 |
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BTC slipped to $7,980 which reflects that it was near the next support level. And now, It has recovered and hovering around the immediate support level.