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Bitcoin Price Closing 2019 Above $10,000 "Wouldn't Surprise" This Crypto Analyst

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  • Alex Dovbnya
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    The Bitcoin price could still end this year on a high note, surging above the $10,000 level, says crypto expert Plan B

Bitcoin Price Closing 2019 Above $10,000 "Wouldn't Surprise" This 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.

Plan B, the anonymous crypto analyst who is famous for creating the stock-to-flow (S2F) model, doesn't rule the possibility of Bitcoin reaching $10,000 before the end of the year.   

He explains that it is a rare situation when the top coin is trading below the S2F model value with only six months left until the next halvening.

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As reported by U.Today, the BTC price increased by ten percent on Nov. 25 after tanking to all the way down to $6,500 on the same day. However, the market is still on the fence, another retest of the above-mentioned level is still very likely. The BTC price is trading at $7,205, CoinStats data shows.

Bitcoin hasn't seen the magical $10,000 price tag since Oct. 25 when it skyrocketed 40 percent on the overhyped China news. The price growth turned out to be a flash in the pan, and BTC got trapped into another major sell-off. 

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Other permabulls are also sure that Bitcoin will not stay below $10,000 for long. Twitter user "hodlonaut," which got famously sued by self-proclaimed Satoshi Craig Wright, believes that four-digit BTC is still "super cheap."

In the meantime, Dan Hedl, director of BD at crypto exchange Kraken, compared Bitcoin's current price action to the massacre that happened in 2015, making a case for hodling BTC.   

 
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — 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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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — 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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