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Bitcoin (BTC) Price Analysis: BTC Price Down by 13% in Last 30 Days

Bitcoin price Down by 13% in last 30 days

At the time of writing this article, Bitcoin (BTC) was trading at $10265 .4 against the United States dollar (USD). The market cap of the coin was $184,007,531,542 United States dollar (USD) and the 24 hours trading volume of the coin was $15,321,569,864 United States dollar (USD). The coin was also showing a negative and downward fall of -2.20 per cent. Last month Bitcoin (BTC) was trading around $12,000 against the United States dollar (USD) as you can see from that point Bitcoin (BTC) has shown huge fall.

The first major fall started on 9th of August, 2019 and continued till 14th of August, 2019. During this period the coin lost almost 19.7 per cent. The fall was from as high as around $11,900 to around $9,500 against the United States dollar (USD). After this, the coin started showing some rise and showed almost 14 per cent growth.

Then again after a few days the price the coin started falling and the fall took place for around ten days. This fall in the price of Bitcoin (BTC) led to the drop in the price of the coin as low as $9,420 against the United States dollar (USD). After this, the coin again showed growth of about 15 per cent and reached the price mark it is at now.

As we can see Bitcoin (BTC) is moving up and down in an unpredictable manner. The coin is not maintaining stability but the positive thing is that when the coin is falling it is again rising up which is not causing much of a trouble as this is helping the coin to not fall to a point that is beyond recovery.

The coin is currently in a bullish short term trend. The resistance levels of the coin are $10,554.9, $10,668.5 and the third one is $10,741.5 against the United States dollar (USD) respectively and the support levels of the coin are  $10,368.4, $10,295.5 and the third one is $10,181.8 against the United States dollar (USD) respectively.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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