Price Analysis

BTC Intraday Price Analysis: BTC price Bullish Trend Seems to Have an Intraday Rush

Bitcoin has acted as expected during the day. With two huge fluctuations, the price of Bitcoin was satisfactory. Bitcoin is famous for sudden hikes and drops during its intraday trading. Yesterday, a sudden drop was exhibited, whereas today, and the chart was bullish than ever.

BTC price has given hopes to many investors. From quite a long time, we are listening that the U.S.-China Trade War is making the investors more attracted to the crypto market. However, the huge price drop made the investors think over their investment decision again, but the current scenario would definitely attract them back.

Current Statistics of Bitcoin:

The chart is taken from Trading View on 12th June 2019, at 11:31:41 UTC for price analysis:Bitcoin price chart - june 12

Summary of Bitcoin Price:

  • The price of BTC is $7993.0.
  • The Return on Investment is marked as 5,799.52%.
  • The market capitalization is around 141,719,019,077 USD.
  • The 24hr volume of Bitcoin is 18,084,626,255 USD.
  • The circulating supply of Bitcoin (BTC) is 17,754,712 BTC.

As per the intraday chart of Bitcoin (BTC), the price has experienced a progression by 1.13% as the opening price of BTC was $7903.8 and now Bitcoin is trading at $7993.0. During the day, the price hiked twice. One was exhibited at around 3:00 UTC where price escalated from $7861 to $8074.1 and marked the increase by 2.70%. The next jump took place at around 10:00 UTC where the escalation was comparatively less than the previous. The price jumped from $7931.9 to $8056.5, giving an aggregated increase of 1.57%.

Bitcoin Price Prediction and Conclusion:

Bitcoin price has remained bullish for the entire day. The price hike has given some relaxation to the existing investors and huge hopes to the new ones. The crypto market was also seen affected by the price surge in BTC. Almost all the altcoins were dealing with profit ratios.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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