The past week has been slow for Bitcoin, but by the closing of the week the coin has gained good momentum. The current market performance of BTC indicates commencement of surging trends in the next few days and traders must keep a close watch. Bitcoin may cross $11,000 very soon.
Bitcoin Price Analysis and Forecast
As on September 7, 2019, at 04:56:00 UTC, the price of Bitcoin is noted to be $10,354.68 and it has shown a downtrend of over 15% in the last 30 days dipping from $12,216.05 to its current value. The coin also traded below $10,000 for some time starting mid of last month and has recovered from that. However, it may take some more time for Bitcoin to cross $12,000 again.
The highest recorded price of Bitcoin in the last 7 days was $10,898.76 and it may cross this value by the end of this week. As per past data, BTC can start the coming week on a higher note and may even cross $11,000 in the upcoming weeks.
Bitcoin has been maintaining a consistent pattern of growth since the beginning of the year and has always bounced back after hitting a low end. This time also, the coin will be doing so. As per turbulent nature of Bitcoin, even in the lower end right now, coin continues to be profitable and hence all investments are rewarding.