Bitcoin (BTC) Price Could Experience Another Significant Move in 2019: Crypto Analyst

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    Bitcoin could witness a lot of fireworks before the Christmas holidays

Bitcoin (BTC) Price Could Experience Another Significant Move in 2019: Crypto Analyst
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

While the US stocks are surging and gold is tanking, Bitcoin remains undecided with less than two months until the end of 2019.

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The latest drop to the $8,400 level has completely evaporated Bitcoin's 40 percent move that seemingly handed a big victory to the bulls, but historical data shows that BTC could see more fireworks before ending this year. 

A well-known crypto trader has pointed to the fact that Bitcoin started experiencing immense volatility on Nov. 14. Back in 2017, the BTC price started its historic rally from $6,000 to $20,000. After the bubble popped, bears reigned supreme at the end of 2018 with Bitcoin dropping to the $3,100 level. 

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That said, Bitcoin could still remain in limbo until the upcoming halvening event, which is expected to take place on May 14, 2020, starts brewing a new price narrative.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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