BTC/USD price again impresses its worldwide crypto community. On June 16, 2019, the value of Bitcoin (BTC) is hitting this year’s ATH (All-Time-High) after reaching $9000 figure against USD – in fact, it’s total market cap counts for $160 billion on June 16, 2019.
Bitcoin Breaks $9000
Just to remind, Bitcoin began hitting high trading volume since early days of April – in fact, only in the month of May 2019, Bitcoin’s value spiked from $6000 to $8000 and then began dancing between $8000-$9000 until June 15. This weekend perhaps seems really interesting for bitcoin proponent.
At press time, the value of Bitcoin counts $9062 against US Dollar with the influencing figure 4.47 percent within the past 24 hours. Moreover, it’s trading volume also jumped up higher and presently marked for $160,978,282,622.
In addition, such spiking value of Bitcoin is positively influencing the prices of other leading cryptocurrencies – including Ethereum, XRP, Litecoin, Bitcoin Cash and EOS. The value of ETH is soaring with 2.11 percent, XRP with 2.27 percent, LTC with 0.81 percent, BCH with 2.04 percent and EOS with 4.19 percent over the past 24hours.
Also, recent reports released on June 15 states that there are now over 1 million daily active addresses ( unique sender and receiver addresses). This was quickly gotten the attention of Kevin Rooke who adds following on his Twitter account;
When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.
Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.
Besides this, the other analyst Nunya Bizniz who often known for his accurate analysis points bullish signals on Bitcoin’s price on June 15, he says that;
A large bearish (engulfing) candle, followed by a reversal and large bullish (engulfing) candle. Rally and new yearly highs ahead?
BTC Weekly. This chart is premature but shows the 3 prior instances where price structure was similar to present. A large bearish (engulfing) candle, followed by a reversal and large bullish (engulfing) candle. Rally and new yearly highs ahead? pic.twitter.com/nsgzmhEn53
— Nunya Bizniz (@Pladizow) June 15, 2019
Looking closer at the value of Bitcoin, another trader Credible Crypto also points this week in incredibly bullish moments, he adds;
Although last week’s candle was very bearish, this weeks candle retraced the entire thing which is incredibly bullish. Official close is tomorrow, but thus far just looks like a retest of the monthly breakout level. Now targeting the resistance in the red region above us. $BTC pic.twitter.com/kHcX1ZRwPM
— Credible Crypto (@CredibleCrypto) June 16, 2019
So readers, what’s your view on upcoming bitcoin value.? Do you think it will jump over $10000 as well within June 2019.? Let u know in the comment below
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com