Bitcoin Price Analysis: BTC’s Last Month’s Volatility May be Replicated For This Month As Well

Over the last 30 days, Bitcoin (BTC) has been through huge volatility. In the second week of July, the coin got a huge cut in its value. BTC has seen its value being swung from 13,000 USD to 9,200 USD in this period. However, the current position of the coin seems bullish and it hints at a growth pattern of the coin. The details of the current statistics of the coin are as follows.

BTC Price Statistics-

BTC to USD Price Comparison-

On 10^th July, BTC was being traded some bucks above 13,000 USD; however, it soon got a huge blow and deducted its value against USD by a whopping 29.50%. By 17th July, the coin was roaming around 9220 USD. Over the next 3 days, the coin showed some recovery and jumped to 11,020 USD. However, this recovery was also short-lived as the next variation cut almost 17% of the coin. By 28^th July, it was being traded near 9212 USD, which is the lowest in the last 30 days. However, from 28^th July, the coin has been on a bullish path. It has crossed two of its resistances in this period. From 28^th July to 06^th August, BTC has been able to fetch a 33% growth. However, from 12,200 USD price point, the coin has been on a slope and the coin has been on a loss of 600 USD since then.

The market cap on 10^th July was 232,571,928,790 USD and the value of the coin was 13,078 USD. The current market cap and the value of the coin against USD are respectively 8.69% and 9.19% down in comparison with the values of last month.

Bitcoin Price Prediction-

Bitcoin, as the market pioneer, has time and again proved its worth and it has always shown unprecedented growth which helps the whole market as well. According to the recent predictions for Bitcoin, by the end of 2019, the coin may find itself near 15,000 USD. The details of the resistances and support levels are given below.