Hey cryptolovers i'm going to show you the recent observation on Bitcoin. Wish this post will helpful for you.
special thanks to @raise-me-up , @big-whale , @hugewhale , @okankarol , @anonwhale , @sezenke , @gangresteem , @sportic for their good works to help newcommers in this world by upvoting and resteem post.
This has disappointed Bitcoin holders who had bought the coin at the starting of the week at approx. $7,700. However, due to the low Bitcoin price, the trading volume has increased significantly, causing most crypto exchanges to flood.
June 4th
During the previous day, the coin held its price during the second half, which also continued to the next day. But, at 11:00 UTC, the coin started losing value steadily and continuously, reducing by 3% in a few hours’ time. It ended the day at $7,485.
June 5th
Though Bitcoin showed resistance and increased by $70 on June 5th, it again lost about $150 during the next few hours. The highlight of the day was when it shot right up to the moon at the end of the day, thereby ending at $7,639.
June 6th
June 6th was going well for Bitcoin, just until the end of the day. Throughout the day, it was holding value well, but the trading kept gradually decreasing. At about 22:00 UTC, it succumbed to the bearish and crashed by $150, anding at $7,513.
June 7th
This was, by far, the best day for Bitcoin during the entire week. The coin shot up by $130 at the beginning of the day. During the rest of the day, it held value and didn’t give up much. It ended the day at $7,686.
June 8th
Bitcoin owners were in for a roller-coaster ride during June 8th. The trading volumes took a dip, which in turn had a negative effect on the Bitcoin price. Though it was reducing steadily at first, it suddenly fell by $100 at 15:00 UTC. However, it took off at the end of the day, reaching $7,663.
June 9th
June 9th found a further decrease in trading volume. It had reduced to $3.834 billion, which was the lowest during the entire week. Also, the price of the coin reduced to $7,604, causing its market cap to become lesser than $130 billion.
June 10th
June 10th, as already stated by BC Focus, saw a huge crash in the price of Bitcoin. Many Bitcoin investors made use of this incident to purchase the coin through exchanges, causing it to flood and increase by almost half a billion. Currently, it stands at $7,231, which is its second lowest over the past month.
Weekly price analysis: Bitcoin (BTC)-BC FOCUS
Bitcoin’s charts look dull as the total loss over the past 24 hours is 5.5%. However, it is changing hands pretty actively and could soon increase in value soon, probably during the next two days.