Bitcoin’s Good Fortune Gives Six Price Shocks In Four Hours

The king of all crypto coins and the oldest of them all, Bitcoin (BTC) is on fire in the recent days. The unprecedented steep hikes and fall in the price have made every trader start scrutinizing the price clearly. The price of each coin has recently surpassed 10,000 USD mark and now it is giving huge benefits to the intraday traders. Here is an analysis of the growth pattern of Bitcoin (BTC) in the last 4 hours, so that the intraday traders will have enough data to reorganize their investments. Let us analyze the current details of the coin first.

BTC Current Statistics-

BTC to USD Price Comparison-

Bitcoin encountered its first huge fall at 04:51 UTC and it lasted for 27 minutes. This fall cost the coin 0.81% of its value dropping from 10755.26 USD to 10667 USD. This was followed by a short stint of rising when the coin gained 0.54% over 12 minutes trading at 10724.94 USD. There was another hike which happened between 05:43 UTC and 06:03 UTC. This hike made the coin to gain 0.98%. This was followed by three steep falls. The first fall was of 35 minutes and it cost the coin 0.81%, the second one cost 0.74% to Bitcoin and lasted for 23 minutes. The last fall was of 16 minutes and this costed the coin 0.83%.

BTC Price Comparison-

Accordingly to Bitcoin price predictions, the coin is on fire, and it is likely to show many such price variations until the closing. It may find its value near 10,800 USD at the time of closing.

Conclusion-

Bitcoin (BTC) is definitely the best option for the traders looking for short or quick money. But the traders need to be cautious about the falling points as well to minimize the possibilities of loss.