Bitcoin Price Analysis: BTC Price Hovers Around $11,000, Recording A 15 Month High

Bitcoin Price Analysis: BTC Price Hovers Around $11,000, Recording A 15 Month High

Bitcoin took the longest jump by crossing $10,000. ,

and now the price is moving at a steady speed to reach $12,000. The first leap of the day helped the coin to touch $10,000. Bitcoin started walking towards $10,000 from 16th June. On the same day, the coin touched $9300 twice in a row. On 17th June 2019, BTC reached $9400, and since then the marketers were eyeing for $10,000. Well, the significant digit has finally broken and valiantly moving towards $11,500 is the next significant milestone before touching $12,000. Bitcoin was found trading at $10,000 in March 2018, and it took over a year for the currency to fight its way out.

Current Statistics of BTC Price:

  • The price of Bitcoin is $10,719.0.
  • The return on investment (ROI) stands at 7,834.58%.
  • The circulating supply of Bitcoin is around 17,772,962 BTC.
  • The market capitalization is noted as $190,801,306,708.
  • The 24hr volume of bitcoin is $24,953,073,535.

Price analysis chart of Bitcoin (BTC):

As per the BTC chart of Trading View on 22nd June 2019, at 07:43:15 UTC price analysis, the BTC to USD price is reflecting an enormous movement in price in the last 24 hours. As soon as the coin opened in yesterday’s market, it jumped from $9568.7 to $9826, marking a progression of 2.6%. The coin continuously moved upwards since then. The only drop that took place yesterday was at 13:25 UTC where the coin slipped from $9914.9 to $9718.8. The long lost wish of the investors came true during the end of the day when the price took off from $9967 to $10,236. Today, the coin opened at $10,227 and climbed to $10,953, marking a progression of 7.10%. It is expected that Bitcoin will cross $11,500 soon.

Bitcoin Price Prediction and Conclusion:

The current scenario of Bitcoin is similar to what happened in 2018. After crossing $10,000, the coin only spends half a month to cross $20,000. The counter seems farfetched, but it won’t be unachievable if BTC crosses $12,000 soon.

Article Produced By
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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