This content has been archived. It may no longer be relevant.
- Bitcoin has shown five huge price variations in the last 7 hours.
- The closing price may get as high as 11,520 USD.
Bitcoin’s latest growth has attracted a huge number of speculators and short-term traders. The unprecedented ups and downs have given huge space and opportunities of the short-term traders to make returns. Here is an analysis of Bitcoin’s price movement in the last 7 hours to educate the traders about the price trend and possible price trend. The coin has shown huge price variations in these seven hours, but the short-term outlook stays bullish for Bitcoin. Let us look at the current details of the coin.
BTC Price Statistics-
| Bitcoin (BTC) | 03rd July 09:31 UTC |
| Rank | 1st |
| ROI (Return on Investment) | 8,077.90% |
| Coin Circulation | 17,795,075 BTC |
| Market Cap | 196,903,334,484 USD |
| Value in USD | 11,100 USD |
| All-Time High | 20,089 USD |
| 24h Volume | 31,162,387,167 USD |
BTC to USD Price Comparison-
Advertisement
Bitcoin has shown five major price swings in these seven hours. The first swing is a fall of 1.87% in which the coin lost 211.80 USD. It was followed by a slight increment of 279 USD or 2.51% over the next 1 hour and 3 minutes. Then again between 04:59 UTC and 05:33 UTC, the coin gained a whopping 2.74% or 308 USD, and after this hike, the coin fell down by 2% losing 231 USD. The latest swing was an abrupt and steep fall of 4.29% and the coin lost 492 USD during this fall, which lasted about almost 1 hour and 40 minutes.
Bitcoin Price Comparison-
As per our Bitcoin price prediction, Bitcoin is likely to have a bullish short-term price movement. The coin may reach 11,520 USD by the time Bitcoin closes for the day.
Conclusion-
Advertisement
Investors need to trade cautiously, keeping the probable closing price in mind. Bitcoin is likely to show much more volatility in the market in the coming times.
