Bitcoin’s Volatility in the Last Week Indicates Uncertainty in Price Movements

- 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 |
Rank | 1st |
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 Resistance | $10475.21 |
2nd Resistance | $10615.45 |
3rd Resistance | $10780.59 |
1st Support Level | $10169.83 |
2nd Support Level | $10004.69 |
3rd Support Level | $9864.45 |