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Bitcoin Price Revives to $10,500; Can BTC Touch $11,000 Today?

 

 

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Bitcoin Price Revives to $10,500; Can BTC Touch $11,000 Today?

  • Bitcoin (BTC) price tames the bull in the market.
  • Intraday trading seems to give a flourishing result.

A few days ago, Bitcoin (BTC) experienced a pullback in the price. The entire market was also spotted going through the same. Many marketers believed that the fall would stick for some time, but fortunately, the speculations turned out to be vague. It has started moving up and is indicating towards a prosperous day. The entire market is indicating a positive sign. The uptrend in the market is anticipated to stay intact.

Now, let’s have a look at the intraday chart.

Bitcoin (BTC) Intraday Price Chart:

The chart is taken from Trading View on 08th September 2019 at 02:40:37 UTC for price analysis.

Bitcoin Price
BTC Chart by TradingView

Yesterday, the coin started with a slight upsurge. The price changed from $10,304 to $10,391. The escalation was of 0.85%. The upsurge continued and took the price to $10,440 from $10,346. This time the progression was of 0.91%. Further, the coin again jumped. The price switched from $10,375 to $10,569 by 1.86%. The coin closed at $10,486 with a progression of 1.77%. Today, the coin moved up from $10,486 to $10,546 by 0.57%.

Summary of the statistics:

  • The price of Bitcoin is at 10,568.52 USD.
  • The return on investment is marked as 7711.17%.
  • The circulating supply is noted as 17,922,412 BTC.
  • The 24hr volume of the coin is at 15,127,090,456 USD.
  • The market cap of BTC stands at 189,413,285,082 USD.

Bitcoin Price Prediction and Conclusion:        

Bitcoin is known for anchoring the many other altcoins in the market. The currency has often turned the bad days into good for many tokens. However, the third quarter has proven to be unfortunate for BTC. Despite touching 13,000 USD, the coin had to face a heavy fall.

The coin is believed to be catching up with the lost momentum in the ongoing month.  The traders are recommended to dig in with a long term prospect to book profit.

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