Bitcoin (BTC) Marks a 2.5% Gain in the last 24 hours; Miles to Go to Touch YTD High

Bitcoin has gone above $10,400 for a while in the last 24 hours with the help of an almost 2.5% hike. But the coin now lingers at $10,300. It’s growth started at the onset of the April boom this year, and since then it has shown five huge price swings. Before analyzing the swings in detail, let us see the current data of the BTC now.

Current Statistics of Bitcoin-

BTC to USD Price Comparison-

Bitcoin initiated its growth on 1^st April after the crypto winter of 2018. Between 1^st April and 15^th May, the coin managed to gain 4047 USD and it pushed the coin from $4120.30 to $8168.13. It was followed by another hike of 78.86%, which took the coin to a high of $12982.72 on 26^th June. But this growth was momentary, and soon it faced a price correction to be able to fall to $9416.35 by 16^th July.

Between 16^th July and 07^th August, the BTC managed to grow by 27.65% and reached $12,019.80. The last swing happened between 07^th August and 26^th August that saw a 14.69% fall. The market cap on 26^th July was 175,204,192,064 USD, and the value of each BTC was 9808.65 USD. The current market cap and the value of each coin are respectively 5.65% and 5.44% up in comparison to the value of last month.

Bitcoin Price Prediction-

Bitcoin is way behind its YTD high, and it was just before a few days, the coin was roaming near 12,000 USD. So, according to predictions for Bitcoin, BTC is likely to get a hike very soon, and in the long-term, the coin will benefit its holders. The next probable resistance and support levels are given below.