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Will Bulls Take the Lead for Bitcoin?

Written byKelvin Maore
Edited by Niharika Deshpande
September 7, 2019
in Bitcoin News
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Bitcoin (BTC) has the highest adoption rate among all cryptocurrencies on the blockchain network. The bears in the crypto market have not spared even the number one currency in the crypto market. With the price of Bitcoin, having a lot of downward variations with the price ranging from $10932.91 – $10311.89.

Yesterday, the price of Bitcoin had undergone a lot of variations. The first half of the day had an uptrend, but later the bears got the better of the BTC price. At 12:15 UTC, Bitcoin price was at a high of $10932.91. In next five hours, BTC started going downwards and reached $10311.89 to the extent of 5.65%. At 19:51 UTC, the price of Bitcoin went slightly up to $10382.59 to the tune of 0.78%. Then, the BTC price fell to $10311.89 to the extent of 0.68%. Today, Bitcoin price is at $10351.050 which is higher by 0.38%.

The most popular currency on the blockchain network has always had a lot of demand. Investors though have been disappointed with the crypto market volatility.

Bitcoin Price Chart

BTC Chart

Bitcoin is still a coin with great potential and investors should consider investing in for a long-haul. The market volatility still being strong, short-term investors should trade cautiously. To know further about Bitcoin forecast, you can check out our news page.

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Kelvin Maore

Kelvin Maore

Kelvin Maore is a crypto market analyst at NameCoinNews with nearly five years of experience tracking digital asset markets. He covers price movements, market structure, altcoin developments, and macro signals affecting the broader crypto ecosystem, from Bitcoin analysis to emerging DeFi protocols. Kelvin is known for translating complex on-chain data and market dynamics into clear, reader-focused reporting. His coverage spans leading crypto assets with a consistent focus on making blockchain technology accessible to both new entrants and experienced investors.

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