Bitcoin Price Analysis: Bitcoin (BTC) Ends the Month Miles Away from the Highest Point

After days of playing hide and seek, Bitcoin has finally gained 2.32% over the last 24 hours. With four huge price swings, the coin is still far behind its highest point of the month. However, its decent fundamentals hint at an upcoming price rally, and this may bring the coin towards 15,000 USD by the end of this year. To analyze the price movement of Bitcoin, let us first look at the current details.

BTC Price Statistics-

BTC to USD Price Comparison-

Bitcoin started the month of July with a price figure around 10,000 USD. By 02^nd July, the coin was at 9784 USD, and it got traded to 13,078 USD within the next 7 days. This 33.67% increment is the highest Bitcoin got in the last month. However, this hike was not sustained for a long time. Soon, it was pushed down by 3881 USD over the next 6 days and 22 hours.  There was a short yet important bullish run by the coin between 17^th July and 20^th July. This run gathered 1815 USD for the coin. The final bearish movement is the talk of the town now. It has already cut down 1823 USD by 28^th of July. The market cap of 30^th June was 213,885,261,673 USD, and it was being traded at 11,372 USD on the same date. The current market cap of Bitcoin and its value against USD are respectively 19.23% and 16.13% less than the figures for the last month.

BTC Price Prediction-

Bitcoin is finally seen moving towards the most anticipated and most desired line. According to Bitcoin projections, the coin is expected to reach 15,000 USD price point by the end of this year. Here are the details of the resistance and support levels of Bitcoin.

Conclusion-

Bitcoin has shown a light hope with last day’s price strengthening against USD. This may not last for a longer period. But holding coins until the end of 2019 is likely to be a good deal.