Bitcoin News

Bitcoin Records 5% Downtrend in the Last 7 Days Trading Below $10,000

Bitcoin has given some amazing price movements this year. The coin may not have performed well in the last 30-days, but it may soon become bullish in the upcoming days. The current market performance of the BTC also indicates progressive trends ahead.

Bitcoin Price Analysis

As on August 30, 2019, at 09:32:04 UTC, the Bitcoin price is noted to be $9539.87, and it is moving in the upward direction after 7-days of downward movement. BTC has recorded a dip of 5% in the last 7 days slumping from $10,134.97 to its current price. Bitcoin surged up to $10,669.16 on August 26 but then started dropping gradually and started trading below $10,000 at $9626.21 around August 28. It is still trading below $10,000 but may bounce back soon. Bitcoin recorded the lowest value at $9,421.63 yesterday. BTC price may climb up over the weekend to trade above $10,000.

It is a good time for BTC holders as the coin is giving out a sinking feeling while it is only gaining enough momentum to bounce back with full force. Bitcoin price may rise up to $12,000 in the upcoming weeks and may start trading above it.

BTC Price Chart

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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