- Bitcoin today hits 8-months high and is close to $7000 mark.
- BTC trading at $6937 at press time.
- Almost all other Altcoins are in the green zone.
- Today Market capitalization of cryptocurrency market hits $200 Billion.
- Ethereum (ETH) and Ripple’s XRP is also up by 10.78% and 7.92% respectively.
Today the price of Bitcoin hits almost 8-months high and will soon hit the $7000 mark. The market capitalization of the whole cryptocurrency market today reaches $211 Billion at the time of writing this post.
Bitcoin BTC/USD Price Analysis
Bitcoin today hits its 8-month high and is up by almost 8.27% in the last 24 hours. At the press time, BTC is trading at $6937 and there is, a chance that it will hit the $7000 mark by the end of the day.
The 24 hour traded volume of Bitcoin (BTC) is $25,375,625,642 USD and the market capitalization of BTC at press time is $122,755,965,979 USD.
The BTC price chart is in a bullish move and will soon set new records. Almost all the technical indicators like moving averages and oscillators are indicating towards a massive buy signal.
Exponential Moving Average (5, 10, 20, 30, 50, 100, 200) and Simple Moving Average (5, 10, 20, 30, 50, 100, 200) on daily basis is indicating towards a massive buy signal.
Volume Weighted Moving Average (20) for Bitcoin is 5852.8 and is in the buy pressure zone.
Relative Strength Index (14) for BTC on a daily basis is 86.8 which is in the trap of sell pressure zone.
MACD Level (12, 26) is 372.4 and is in the favourable condition indicating towards a buying signal.
After proper analyzing the Bitcoin price chart it can be concluded that it will soon taste the next level of $7000 mark. The support level for BTC in case if it hits $7000 mark is $6800 USD.
This article should not be considered as investment advice. Please conduct your own research before investing in any cryptocurrency.