[BTC] Bitcoin Price Continues To Be Stable Beyond $8000: Calm Before The Storm?

Bitcoin price is the deciding factor which predicts the mood of the markets. A positive trend in Bitcoin prices indicates the entire cryptocurrency market will flourish while a negative trend in the Bitcoin price can possibly lead to the entire market collapsing. Thankfully for the cryptocurrency markets, Bitcoin’s price has been on a rather positive trend of late. 

Bitcoin crossed the $8,000 mark over the past week – a position which it has firmly held since. After being stuck in the $6500-$7500 price point for almost a month, Bitcoin finally sees a ray of hope as the currency has formed a new base between the $8000-$8500 price points. Once it gets enough support at this price, the next surge will aim at the much awaited $10,000 mark! 

Over the past 24 hours, Bitcoin’s price has been rather stable, growing by 0.20% over the day. The currency started off the day at $8081 and closed the day at $8111 – not much of a rise, but better than being on a negative trend. The currency’s market cap, over the day, went from $137.2 Billion to $137.6 Billion, growing by $400 Million over the day. The lowest point of the day came at $7925 while the highest point of the day came at $8131. 

Bitcoin’s price, over the past week, went from $6741 to $8111 – a significant achievement for the currency. The highest point of the week came at $8353. Over the week, Bitcoin’s market cap went from $114.3 Billion to $137.6 Billion! 

Stability is the need of the hour for Bitcoin and the currency is extremely stable at the moment, which should relieve investors. This is a good time for investment as more growth is expected over the coming weeks! The currency is now eyeing the $10,000 mark – an attainable figure over the month if the price surge continues! 

For more Bitcoin price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis. You can also check out some of our other price analysis articles here: 

Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice. 

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