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Bitcoin (BTC) Falls by More than $200 over 7 Hours; May close Near $11,520

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  • Bitcoin has shown five huge price variations in the last 7 hours.
  • The closing price may get as high as 11,520 USD.

Bitcoin’s latest growth has attracted a huge number of speculators and short-term traders. The unprecedented ups and downs have given huge space and opportunities of the short-term traders to make returns. Here is an analysis of Bitcoin’s price movement in the last 7 hours to educate the traders about the price trend and possible price trend. The coin has shown huge price variations in these seven hours, but the short-term outlook stays bullish for Bitcoin. Let us look at the current details of the coin.

BTC Price Statistics-

Bitcoin Price Chart - 3 July
Bitcoin Price Chart
Bitcoin (BTC) 03rd July 09:31 UTC
Rank 1st
ROI (Return on Investment) 8,077.90%
Coin Circulation 17,795,075 BTC
Market Cap 196,903,334,484 USD
Value in USD 11,100 USD
All-Time High 20,089 USD
24h Volume 31,162,387,167 USD

BTC to USD Price Comparison-

Bitcoin has shown five major price swings in these seven hours. The first swing is a fall of 1.87% in which the coin lost 211.80 USD. It was followed by a slight increment of 279 USD or 2.51% over the next 1 hour and 3 minutes. Then again between 04:59 UTC and 05:33 UTC, the coin gained a whopping 2.74% or 308 USD, and after this hike, the coin fell down by 2% losing 231 USD. The latest swing was an abrupt and steep fall of 4.29% and the coin lost 492 USD during this fall, which lasted about almost 1 hour and 40 minutes.

Bitcoin Price Comparison-

As per our prediction, Bitcoin is likely to have a bullish short-term price movement. The coin may reach 11,520 USD by the time Bitcoin closes for the day.

Conclusion-

Investors need to trade cautiously, keeping the probable closing price in mind. Bitcoin is likely to show much more volatility in the market in the coming times.

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Here is How A Cardano Bullrun Could Lead The Altcoin Takeover of Cryptocurrency

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