Bitcoin Price Analysis: BTC price struggles to remain at $9200

Bitcoin

Bitcoin (BTC) price has recently filled many pockets due to its price surge. The coin created history on 17th June 2019 by touching a high at $9400. The coin is experiencing selling pressure on the chart today; hence, could hold itself and seen dripping down.

A few weeks back, the crypto market experienced a huge price drop. Bitcoin successfully drove out of the heavy stoop. The coin will react in a similar way for the current selling pressure. Many marketers are eyeing towards $10000 after yesterday’s event. The counter doesn’t seem unachievable by the currency. However, a drop before touching $10000 is expected.

Current Statistics of Bitcoin (BTC):

The chart is taken from TradingView on 18th June 2019, at 11:19:03 UTC for price analysis.

Bitcoin Price Analysis

The price of BTC is 9,219.25 USD. The 24hr volume of Bitcoin is 15,889,230,063 USD. The circulating supply of Bitcoin is 17,765,600 BTC. The Return on Investment stands at 6,713.93%. The market capitalization stands at 163,785,508,247 USD.

The four-hour chart of Bitcoin is reflecting an improvement in price. In the first hour, the price dropped by 1.65% as BTC slipped from $9203 to $9052. The coin spiked up immediately after the fall by 2.06%, as the price jumped from $9052.2 to $9238.6. At 9:00 UTC, the price tried to be steady between the resistance level of $9260 and support level at $9205. At around 10:45 UTC, BTC registered regression by 0.82% as the price changed from $9265.5 to 9189.8. The current price of BTC is at $9205.

Price Prediction and Conclusion:

Bitcoin is likely to give huge dividends in the coming months or even years. The latest hike of $9400 was totally unexpected. But, this is the beauty of the crypto market that it may turn the dark days into the brightest ones.

The coin is the most promising investment in the crypto market. The short and long-term investors can go the currency and book huge profits as the coming period is looking as bright as the sun.

Related Cryptocurrency News