Cryptocurrency Revolution is Here As Bitcoin Continues To Soar Above Key Resistance Levels

Bitcoin took to the sky as the price shot up over the week with a gain of more than $400 in about 10 minutes at the beginning of the week. This puts the price of Bitcoin BTC at $12,782, surpassing the $12,000 critical barrier. Analysts believe that this surge in the price of Bitcoin BTC came about by the mini-surges BTC experience over the week. Though the Bitcoin price of $12,782 is the top of the cryptocurrency market, it falls way below its all-time high of $20,000 which occurred in 2017. Notwithstanding, the present price value of $12,782 is close to four times the price value it has had this year so far.

Bitcoin Latest Update – Bitcoin News Today – Bitcoin Price Analysis – Bitcoin Price Prediction 2019

According to our Bitcoin news today, cryptocurrency analysts believe that the crypto market prices have begun to show impressive results as price gain can be seen from Bitcoin BTC as well as other cryptocurrencies. Other analysts stated that the price gain of 2019 was more realistic than that of 2017 when a major crash happened after a market frenzy that resulted in a sudden spike in prices.

Bitcoin price prediction suggests that there will be more price gains for BTC as it reaches the 21 million supply threshold. Bitcoin latest update shows that the high price of $13,800 attained by BTC will be a determining factor in seeing if Bitcoin continues to record amazing gains.

Bitcoin (BTC) Price Today – BTC / USD [ccpw id=”8759″]

Following Bitcoin price prediction, the BTC has shown a 70% increase in price since 2018.and has become the number one in the investment market. There are also predictions of BTC hitting $100,000 in two years’ time if it continues in its present trend. Presently, Bitcoin needs to scale above the $12,000 resistance level. Doing this will further propel the price value of Bitcoin to the $16,000 range and some even believe that would only be the starting point for Bitcoin.

Bitcoin is currently traded at $12,690 and has a market cap of over $200 billion. The 24-hour volume of BTC stands at $26 billion and close to 21 million BTC has been mined. Bitcoin Price Prediction suggests that the $13,000 will be the resistance mark. Bitcoin price will either dip and reduce in value or scale through the resistance and grow stronger in value. Should BTC scale the initial resistance mark of $13,000, the next resistance mark would then be $13,353 followed by $13,860.

Bitcoin is the number one cryptocurrency in the industry and continues to dominate the market with a sustainability ration of 62%. This ration produces reliability and confidence from market participants. Bitcoin price prediction states that these factors will propel Bitcoin price value to over $100,000 by 2021.

Though it may be quite difficult to ascertain if Bitcoin Price Prediction of over $100,000 will come to pass; the current trend in market price shows that Bitcoin can still strengthen its value to a parabolic level. Analysts believe that for the cryptocurrency market to flourish, this astronomical price growth must be seen in other cryptocurrency markets. Seeing as to how statistics show the growth of Bitcoin, it is safe to believe that the present growth is a sustainable one.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.