Bitcoin (BTC) Goes Beyond $10,000; Miles to Go before Touching Month’s High at $12,200

Bitcoin has shown four significant price variations over the last 24 hours, and it has made a journey from 12,200 USD to 9,500 USD in this period. From 20^th August, the coin has been reeling under pressure, and now it has touched 10,000 USD after crawling behind it for two days. Before analyzing the BTC price movements of the month, let us look at the current details of the coin now.

Current Statistics of Bitcoin:

BTC to USD Price Comparison-

Between 23^rd July and 28^th July, Bitcoin made a journey from $10,266.99 to $9169.23. From this gradual decline, BTC price started strengthening, and with a hike of 33.42%, the coin reached $12,233.57 after adding $3064 by 06^th August.  However, it was followed by a steep fall of 21.75% that took the coin to $9568.41 by 15^th August. The third variation came as a small incline in the value, between 15^th August and 20^th August, the coin got a hike of $1350 to reach $10,906.86. The last swing happened over 2 days from 20^th August, and this devaluation of 9.91% pushed the coin to $9820.84. The market cap on 23^rd July was 180,604,612,838 USD, and the value of each coin was 10,266 USD. The current market cap and the value of each coin are respectively 0.71% more and 1.09% less than the figures for the last month.

Bitcoin Price Prediction-

Bitcoin’s highest value for the month is at 12,200 USD, and now it is almost 2000 USD behind this point. As the top coin of the market, the BTC is likely to bounce back soon and it has a high chance of breaching the month’s high by the mid of September. Below are the details of the next probable resistance and support levels.