Price Analysis

Bitcoin Price Initiated the Day with Sharp Decline

Bitcoin price is trading at $10,164.17 at 09:14 UTC on September 09, 2019. Considering the data statistics from yesterday, the initial value was fluctuating above the baseline at $10,593.88 at 04:06 UTC. BTC price then traded in the downward motion by 2.78% at 11:08 UTC, with the trading price of $10,299.62.

Surprisingly, by an evening at 22:14 UTC, the price of Bitcoin escalated by 1.30% when the price changed to $10,427.45. From then, today at 08:13 UTC, the value dropped by 3.20% trading at $10093.39, which is slightly increased by 0.74% as of now.

Bitcoin is sliding towards a strong bearish trend. However, users are quite an optimist about BTC prices as the Bitcoin has depicted turbulent momentum since last few months. This might help users with a stronger portfolio and better returns in the future. Bitcoin is really unpredictable, and we might be able to see some surging in the next few days.

For a short-term investment goal, this might be an ideal time to earn some incentives in slight escalations.

Bitcoin to USD Price Chart

Bitcoin Price

The resistance and support levels are as follows:

R1: 10,554.92, R2: 10,668.55 and R3: 10,741.47

S1: 10,368.37, S2: 10,295.45 and S3: 10,181.82

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