Price Analysis

Bitcoin (BTC) Price Analysis: Bitcoin Hits $6500 Mark in an Expeditious Form

eToro

Bitcoin price hit the $6500 mark just a few hours ago. Until yesterday, experts and analysts were predicting the resistance level to be around $6400, and it just happened that it cracked the resistance level and crossed the $6500 mark within only 2 days of passing the $6000 landmark.

Bitcoin price seems to be invincible after looking at the rush it is following.  Bitcoin appears to be smacking the expectations of the investors every day by knocking a new price mark. Bitcoin performance has refuted the calculations of resistance levels by the analysts and the thoughts of influencers by crossing the $6000 mark and going beyond real quick.

eToro Crypto

Nothing of the above influencer’s Bitcoin future prediction remains intact.  Just after looking at the board of crypto market with the newest BTC value hitting another milestone in just the blink of an eye.

Bitcoin price at a Glance:

Bitcoin chart

Bitcoin is currently trading at a price (USD) 6552.34 on 11th May at 4:28 UTC as per the data and Bitcoin Chart of Trading View on the exchange platform of Binance. The Market Capitalization of Bitcoin is above $115 billion with a 24h volume of 19,413,761,029 USD. The current circulating supply is 17,693,712 BTC with a Return on Investment of 4,857.24%. It was in 24 hours when the lowest BTC price was $6264.34. Currently, it is 4.59% more than the lowest of the 24-hour span. What could be more startling than these present-day benchmarks achieved?

Conclusion:

Nothing as of now can be predicted regarding what next shocking surprises will the community get for the prices of Bitcoin. The only desire is that the history doesn’t repeat in itself of sliding down to a rock bottom after such a mammoth surge. If such a pace of growth is continued, $7000 mark will be a no stagger for the Bitcoin lovers.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button