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Price Analysis

Bitcoin Records Over 1.6% Downtrend Since Yesterday

  • Bitcoin trades below $10,000 again yesterday and records 1.6% dip
  • Bitcoin takes a dig at the government debt by emphasizing on holding BTC

Bitcoin (BTC) has been performing well this year. The coin has registered remarkable growth in the first half of the year. It even has the potential to rise to $15,000 in the next 3 months. The current market performance of the coin may not seem very convincing, but it may go bullish by this month-end. Keeping a close watch on the coin movement is recommended.

Bitcoin Price Analysis

As on September 12, 2019, at 06:16:06 UTC, the trading price of Bitcoin is noted to be $10,061.54 and has recorded a downtrend of over 1.6% in the last one day. Yesterday, the BTC started on a good note but slumped slowly to hit as low as $9864.23. It has gained some momentum since then to cross $10,000 again but may trade around this value for the rest of the day.

The highest recorded value of Bitcoin yesterday was $10,215 and in the last 7 days, it was $10,898. The coin may move between this range for the next one week also but, is expected to cross $11,000 once in between.

Bitcoin Price Chart
BTC Chart by TradingView

Bitcoin may yield good profits in the coming days. BTC has already recorded over 3X growth since the beginning of the year and it may rise up to $15,000 by the year-end if it continues to move with growing momentum.

BTC may become profitable in the next few months. Making bulk investments now will yield good profits in the next few months.

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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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