Bitcoin Price Analysis: Has Bitcoin Started Moving Towards a Price Rally?

• Bitcoin (BTC) is currently on a growing path marching towards 15,000 USD.
• The next resistance may be faced at 12,174 USD.

Bitcoin (BTC), as the pioneer coin of the market, has gone through many ups and downs in the last 1 month. With four significant price swings, it has been traded all the way from 13,000 USD to 9100 USD in this short span. However, amidst this high volatility, the coin seems to have a lot to deliver. As per our Bitcoin price estimate, the coin may place itself near 15,000 USD by the end of this year. Let us look at the current details of the coin now.

BTC Price Statistics-

BTC to USD Price Comparison-

Bitcoin was at its peak of the month on 08^th July. However, a fall of 29.55% took the coin all the way from 13,055 USD to 9197 USD in less than a week. The value of 17^th July at 9297 USD makes the lowest point of the coin. It was followed by a small hike of 19.67% and this helped the coin to add 1807 USD to its value. From 20^th July, the coin started showing signs of weaknesses. It got devalued by 16.38% by 28th July and faced a cut of 1799 USD. However, since 28^th July, the situation seems to be revolving in favor of Bitcoin. In the next 8 days from 28^th, the coin has been able to grow by 33.18% and it successfully could take the value to 12,217 USD by 06^th August. The market cap on 08^th July was 204,401,171,449 USD and the value of each coin was 12,319 USD. The current market cap and value are respectively 3.97% more and 3.80% less than the last month’s figures.

Bitcoin Price Prediction-

Bitcoin has been eyeing at bringing about a huge change into its price movement. The coin may place itself at 15,000 USD by the end of 2019.

Conclusion-

Bitcoin’s current trend can be seen in a positive light and as per CryptoNewsZ’s Bitcoin price forecast, the coin has huge potential to perform exceptionally before the next year sets in.