Price Analysis

Will Bitcoin (BTC) Be Able To Break Its Own Record of June Before September?

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  • BitcoinBitcoin touches 12,200 USD yesterday, giving them hope for a June like high growth.
  • The target of 15,000 USD for 2019 seems feasible.

Bitcoin, after days of anticipation, could finally go beyond 12,000 USD point yesterday. It is the highest point of the coin since 12th July. However, the coin is yet to achieve its ultimate potential, and it was just a few months back when the coin was hovering around 13,800 USD. Here are the current details of the coin.

Current Statistics of Bitcoin (BTC)-

Bitcoin Price Prediction
Bitcoin Price Chart by TradingView
Bitcoin (BTC) 7th August 02:24 UTC
Rank 1st
ROI (Return on Investment) 8,459.29%
Coin Circulation 17,862,212 BTC
Market Cap 206,121,718,650 USD
Value in USD 11,553.73 USD
All-Time High 20,089 USD
24-Hour Volume 23,056,849,688 USD

BTC to USD Price Comparison-

BTC initiated the journey of growth for 2019 at the onset of April. On 1st April the coin started creating momentum, and within 42 days, it was 4151.44 USD above than its previous value against USD. But the best time for BTC came in the month of June. A hike of 85.44% between 04th June and 26th June took the coin to 13,792.75 USD price level. This level makes the highest of the year. However, that hike was not sustained for long. It lost 3915 USD over the next 5 days and on 02nd July; the coin was at 9857.74 USD. The latest variation includes the growth of yesterday as well. Between 27th July and 06th August, BTC has an overall increase of 30.75% and the highest point of the coin for Yesterday was 12,297.45 USD. The market cap on 07th July was 201,749,147,634 USD, and the BTC price is trading at 11,215.32 USD. The figures of today are respectively 2.16% and 3.01% more than the figures for the last month.

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Bitcoin Price Prediction-

The coin has started showing its magic to the whole market. Going beyond 12,000 USD is the first sign. It may touch 15,000 USD before the New Year sets in.

Bitcoin (BTC)
1st Resistance 12071.08333 USD
2nd Resistance 12663.99667 USD
3rd Resistance 13054.17333 USD
1st Support Level 11087.99333 USD
2nd Support Level 10697.81667 USD
3rd Support Level 10104.90333 USD

Conclusion-

Bitcoin is the top-most priority of many investors. And the recent movement can be regarded as a sign for short-term as well as long-term 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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