Bitcoin Price Analysis: Will Bitcoin (BTC) Be Able To Show A June Like Rally?

Bitcoin has been through many power shifts in this year as far as the value against USD concerned. The coin has made a journey from 4000 USD to 13,000 USD, and now it has again fallen to 10,000 USD zone. The journey of Bitcoin of 2019 can be divided into five major price variation zones. Before analyzing these changes, let us see the current data of BTC now.

BTC Price Statistics-

BTC to USD Price Comparison-

Bitcoin started its growth story at the onset of April this year. Between 1^st April and 15^th May, BTC managed to grow by 96.80%, which took the coin from 4149.96 USD to 8167.27 USD. It was followed by another steep hike in the value which pushed the coin to the highest point of the year. The second swing started on 18^th May, and over the next 39 days, the coin was up by 77.50%. From 26^th June, The coin started weakening, and by 16^th July, it was being traded near 9483 USD. From there BTC has been showing volatility. The fourth variation happened between 27^th July and 07^th August, and this variation added 2476 USD to each coin. But again it was followed by a fall of 13.75% which pushed the coin to 10,366.40 USD. The market cap on 24^th July was 173,379,821,201 USD, and the value of each coin was 9794.98 USD. The current market cap and the value of each coin are respectively 7.43% and 5.699% more than the figures for the last month.

BTC Price Prediction-

Bitcoin has touched 13,800 USD in June, and it has been a matter of a few days, the coin is struggling near 10,000 USD. The coin’s volatility might not be new, but it is shocking for the market. As per our prediction, the medium-term of the coin is likely to be bullish, and the coin may bring about a price rally before the New Year sets in.