- Bitcoin loses value in one day and falls below 10,300 USD.
- The last week’s volatility pushed the coin from 10,900 USD to 10,300 USD.
Bitcoin has faced another phase of price correction in the last 24 hours and this time; it has been pushed below 10,300 USD. Over the previous seven days, BTC has been through a volatile movement having four major price shifts. It has been traded from $10,900 to $10,300. Before analyzing the price changes, let us look at the current details of the Bitcoin.
Current Statistics of Bitcoin:
|Bitcoin (BTC)||September 10, 2019 02:49 UTC|
|ROI (Return on Investment)||7,537.17%|
|Coin Circulation||17,926,087 BTC|
|Market Cap||185,721,214,237 USD|
|Value in USD||10,293.64 USD|
|All-Time High||20,089 USD|
|24h Volume||18,000,180,625 USD|
Bitcoin Price Analysis & Predictions:
Bitcoin’s first swing of the week happened between 03rd September and 04th September. This swing cost the coin $317 and placed it at $10,404.44. It was followed by a 5.05% hike over the next 2 days and this hike added $525.73 to place the Bitcoin price at the highest point of the week at $10,928.52. The third swing happened between 06th September and 09th September and this hike had a break on 08th September at $10,590. The last swing of the week is between 09th September and 10th September and this swing managed to give the coin a semblance of recovery. This 1.90% increment in the price took the BTC to $10,302.58 by 02:45 UTC of today. And then, Bitcoin recorded price drop and reached $10293.64 as of now.
Bitcoin’s last seven days have been full of volatile fluctuations and the uncertainty prevails on the whole market as well. Following are the calculated resistance and support levels:
|Bitcoin (BTC)||Resistance and Support Levels|
|1st Support Level||$10169.83|
|2nd Support Level||$10004.69|
|3rd Support Level||$9864.45|