📈 Price Predictions Stavros Georgiadis

Bitcoin Price Prediction: How Much Will BTC Cost in 2019?

📈 Price Predictions
Results of 2018 for Bitcoin show that the cryptocurrency tumbled almost 75% from the high price of $18 000 to the low price of $3 790 as of December 27, 2018.
Bitcoin Price Prediction: How Much Will BTC Cost in 2019?
Contents

This article is about Bitcoin price prediction 2018 and Bitcoin price prediction 2019. Results of 2018 for Bitcoin show that the cryptocurrency tumbled almost 75% from the high price of $18 000 to the low price of $3 790 as of December 27, 2018.

The following monthly Bitcoin chart is indicative of the continuous and very strong selling pressure in 2018, making a Bitcoin forecast today a very hard task. We will, nonetheless, make a Bitcoin price prediction for 2019 and beyond, based on some opinions of experts and on technical analysis. After a top formed in early January 2018, the price of Bitcoin followed only one trend — a very strong downtrend for the rest of 2018. Is there a bottom, however, formed in December 2018 near the price level of $3 200?

Bitcoin monthly chart
Bitcoin price prediction

From the above chart it is not unreasonable to argue that the immense price acceleration of Bitcoin in late 2017 and the collapse of its price in 2018 is what they call in financial textbooks a bubble. Was it only speculation and momentum trading that moved the price so high and was it the realization that this price of about $20 000 was unjustified based on the fundamental key drivers of Bitcoin that made 2018 one of the toughest years for the cryptocurrency market?

Bitcoin price prediction 2018

Bitcoin infographic
How a Bitcoin transaction works

Bitcoin predictions are mostly an opinion, although supported by some arguments and even technical analysis may make a Bitcoin forecast attempt at least to have some solid arguments to back it up and have some validity. In our previous article about Bitcoin projections for the end of 2018, we wrote the following:

“If the support above $4 000 will hold for several days, our basic scenario is for a Bitcoin price of about $4 700 for the remaining days of December 2018. This is based on the trading concept of reversion to the mean, as volatility has expanded significantly as of mid-November 2018. If high volatility is to be followed by low volatility, then a price correction to higher levels has enough probability to occur.”

Bitcoin price prediction 2019

In 2018, both bulls and bears had trouble predicting the Bitcoin price due to the increased volatility experienced all year long, which made the task almost an impossible mission. For 2018, we read forecasts about Bitcoin at $50 000, $100 000 on the optimistic side, and at $3 000, $6 000 and almost to zero from the well-known Economist Nouriel Roubini.

Will 2019 see a rise or a steeper selloff for the price of Bitcoin? What do the experts forecast?

💼 Related Article
How does Bitcoin make money?
🔥 Hot
4 weeks
256
How does Bitcoin make money?

Bitcoin price forecast 2019

What is the Bitcoin outlook for 2019? Some of the experts in the cryptocurrency market have talked about the future of the largest cryptocurrency by market capitalization and have also provided a range for Bitcoin’s price forecast in the coming year. Will this bear market and intense selloff end in 2019? Many investors, both individuals and professionals, have lost a lot of money if they picked the long-only side, buying the cryptocurrency as it was moving to lower price levels, perhaps trying to catch a falling knife and the real bottom of the price.

Here are some of the forecasts experts have made for Bitcoin in 2019:

“Some potential institutional candidates are Marco funds CTAs, multi-strategy funds and alternative strategies have about $600 billion AuM. Commodity assets alone that are held by hedge funds were $300 billion as at 2017. It makes up for 10% of the AuM. BTC may fall into this bucket. Macro funds are potential institutional candidates. However, the current circumstances are bleak.” — Boris Hristov.

According to Boris Hristov, who is a Bitcoin and technology researcher, one catalyst for the price to find a potential bottom and move higher in 2019 will be the scenario of large institutional investors entering the market. But this scenario may occur in the future only if volatility in the market will be less extreme than current market conditions.

“If you’re short we think you should be very careful and reducing your short exposure. I think if you’re looking to be long this is where you start adding here to your long exposure,” said Robert Sluymer from Fundstrat. In other words, a potential bottom for Bitcoin is near and a trend change form downward to upward is possible at these low levels of about $3900, but as always confirmation of this trend change is required.

A very optimistic Bitcoin price prediction is made by John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, predicting that the Bitcoin price will hit $1 million by 2020.

Bitcoin price prediction 2020

Here are some Bitcoin price predictions for 2020:

Sam Doctor, Quantamental Strategist at Fundstrat Global Advisors:

“We expect the mining economy to grow over the next several years, and project a BTC price of $36 000 by year end 2019 based on the historical average 1.8x P/BE multiple.”

“Bitcoin’s price can be anywhere in 5 years, from $10 000 to $100 000. An exact prediction is hard to provide because there are numerous fundamentals that are likely to change between now and [then]. Digital currencies and assets are the future of transactions and value storage, and Bitcoin is leading this revolution. But this doesn’t make it easy to guarantee a specific price tag five years down the road,” says Joe DiPasquale, CEO of BitBull Capital.

“I think BTC could potentially hit bigger figures by the year 2020. But for the next year or two, it’ll still be hovering just under the $10 000 mark. But then again, the end of 2019 is essentially millennia away,” mentions Fred Schebesta, Co-Founder and CEO of Finder.

“Your guess is as good as mine. My price prediction for Bitcoin in 2020 is $30 000,” professes Craig Russo, Co-founder of sludgefeed.com.

“In 2020, my BTC estimate is $75 000, which is roughly 10x today’s price, and a total market cap of $1.3 trillion,” mentions Brandon Quittem, Cryptocurrency Analyst & Writer.

Bitcoin price prediction 2025

“I’m unable to guess as there are so many factors are involved that is impossible to say. I’d say that lack of proper security is currently the biggest obstacle for mass adoption of cryptocurrencies,” puts forward Alessandro Benigni, Founder of coinhooked.com.

We agree with this opinion, adding the regulatory and tax issues as well. Making a prediction for 2025 is only an opinion, and by no means financial advice. As history has shown, predictions about financial instruments tend to be very inaccurate, and this is something we witnessed in 2018 as many experts were optimistic about the price of Bitcoin moving much higher than the top formed at $20 000.

We will conduct a technical analysis for the Bitcoin price to express our thoughts, but this will be only for 2019, a short-term forecast.

💼 Related Article
Bitcoin Price Prediction in 202025: How Much Will Bitcoin be Worth?
🔥 Hot
9 months
256
Bitcoin Price Prediction in 202025: How Much Will Bitcoin be Worth?

Bitcoin technical analysis for 2019

Bitcoin price prediction for 2019
Bitcoin daily chart

Our $4 000 price level as an initial hurdle seems to be valid as the price reached $4 300 and fell below $4 000 again, currently at $3 980. We have seen a recent bottom formed at $3 265 with a double bottom confirmation. But the current trend is still a downtrend supported by the declining daily exponential moving averages of 20 and 50 periods respectively.

The 20-period daily exponential moving average, however, has changed its slope and is now slightly rising, while the 50-period exponential moving average has not changed its slope yet. The recent figures for the 20-period and 50-period exponential moving averages are $3 836 and $4 469 respectively. The daily Bollinger Bands are $3 115 and $4 184 for the lower and upper band respectively and have shown decreased volatility in the past few days. Strong support levels are $3 265 and $3 670 and strong resistance levels are $4 290, $4 480, $6 100.

The strength of the trend is still strong, but it has shown losing momentum, meaning that indeed the bottom near $3 265 may hold in the future and a consolidation range may be evident. What is interesting and worth mentioning is the fact that the value of +DI line in the ADX/DMI indicator is now at 23.52 and has crossed above the value of -DI line now at 16.88. This crossover after a selloff from the $6 500 price level to the recent low price of $3 265 is very important.

The importance of 200-period exponential moving average is hard to ignore for our Bitcoin forecast in 2019. This moving average is widely followed by institutional investors as it represents the long-term trend which takes a lot of time to change. The figure for the 200-period exponential moving average is currently at $6 080. This is our target price for 2019 if a change in trend from downtrend to upward is to occur in 2019. We cannot make a prediction to higher levels as our financial analysis shows that indeed the major catalysts that could move the price to higher levels in 2019 are now non-existent in the cryptocurrency market.

Certainly, the scenario of institutional investors entering the market is optimistic for the Bitcoin price. For now, the challenges for Bitcoin in the coming year are both many and severe. What drove the price collapse is possibly the momentum trading which suddenly at the price level of $20,000 rapidly changed direction. The market pessimism about Bitcoin’s short-term prospects may continue into the new year. But if the bear market in 2018 is to end, then at least the price level of $4 000 should hold, and do not forget that our price target of $6 080 is 50% would increase from current price levels, showing a significant price change. This is not financial advice, but rather our Bitcoin price prediction for 2019.

📈 Price Predictions
2199 views views
👓 Recommended articles
📈 Price Predictions Thomas Hughes

Constantinople Delay Makes a Dent in Ethereum’s Price

📈 Price Predictions
Since Sunday, Jan. 20, $6 billion has been wiped from the cryptocurrency markets as Bitcoin is trading lower and dragging altcoins with it
Constantinople Delay Makes a Dent in Ethereum’s Price

Since Sunday, Jan. 20, $6 billion has been wiped from the cryptocurrency markets as Bitcoin is trading lower and dragging altcoins with it. The recent delay to Ethereum’s Constantinople hard fork brought further dismay and dragged the coin’s price lower, which also allowed Ripple’s XRP to widen the volume gap between the two digital assets.

Currently, there’s an almost $1 billion gap between XRP and ETH, with the former sitting at a 2nd place, just below Bitcoin and the latter occupying 3rd place, having dropped into technical support.

Chart Analysis – ETH/USD

At the time of writing Ethereum was down more than 5% in the last 24 hours, trading around 117 against the US Dollar and testing a key technical support level. In recent past, the pair has hit 117 twice and each time, it was rejected higher with force. This successfully established a double bottom price pattern, which is, in essence, a bullish formation, even more so when it occurs at the (potential) bottom of a downtrend.

image

It is important to note that now price is testing said level for the third time, so it can create a triple bottom, which would be an even stronger indication that a move up will follow. As a side note, the spike below 117 (a red candle with long lower wick) is just a result of market inconsistencies because it is not present on most other exchanges apart from Bitfinex.

If the pair cannot form the triple bottom, hence meaning that we are dealing with a break of the double bottom, the outlook will become strongly bearish because usually, a break of a strong formation gives way to extended moves.

Support zone: 117 – 115, 100

Resistance zone: 200 EMA (4-hour charts) and 134

Most likely scenario: high-risk trading, unclear until a bounce or break is obvious

Alternate scenario: timid upside movement based on RSI showing bullish divergence

📈 Price Predictions
53 views views
👓 Recommended articles
📈 Price Predictions Thomas Hughes

Bitcoin Price Pressure Increases. Bounce or Break Scenario In Play

📈 Price Predictions
Bitcoin appears to disregard this alleged oversold condition and has traded lower over the weekend, testing the key support at $3500.
Bitcoin Price Pressure Increases. Bounce or Break Scenario In Play

According to Binance CEO Changpeng Zhao, “Bitcoin has been oversold”. He recently made the aforementioned statement during the Binance Blockchain Week event which is currently being held in Singapore (January 19 – 22).

However, Bitcoin appears to disregard this alleged oversold condition and has traded lower over the weekend, testing the key support at $3500.

Chart Analysis – BTC/USD

Currently trading around 3550, the pair has rebounded slightly after testing support at 3500 and is now showing a form of bullish divergence: the RSI is making a higher low while the price is making a double bottom.

image

This type of divergence is not as strong as the normal one (price is making a lower low and oscillator is making a higher low), but coupled with the double bottom at 3500, which is a bullish pattern, it can trigger upside movement.

The bullish triangle is broken to the downside, so before we can see any upside action, the price must return above the recently broken trend line. If that happens, we could see a climb into the 3700 area.

Support zone: 3500

Resistance zone: bullish trend line followed by 200 EMA (4-hour charts) and 3700 - 3750

Most likely scenario: if 3500 holds, we expect a climb into 200 EMA during the days to come

Alternate scenario: break of double bottom (3500) and move into 3400

📈 Price Predictions
29 views views
👓 Recommended articles
📈 Price Predictions Stavros Georgiadis

Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

📈 Price Predictions
At the beginning of January Tron is ranked in the 9th position in top 100 cryptocurrencies in terms of their market capitalization on CoinMarketCap.
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Contents

Our series of cryptocurrencies articles and their predictions for 2019 and beyond is completed with an article about Tron price prediction 2019. We will mention scenarios about coin price forecast. Results of 2018 will also be shown as a starting point of our trx price prediction article.

Results of 2018

At the beginning of January Tron is ranked in the 9th position in top 100 cryptocurrencies in terms of their market capitalization on CoinMarketCap. Tron has a current value of $0.023808, a market capitalization of $1.586.908.038, a volume for the past twenty hours of $121.976.029, circulating supply of 66.631.954.397 TRX and total supply of 99.231.165.008 TRX.

On Jan. 1, 2018, the price of Tron was $0.044682, a peak was formed early in January 2018 at the price of $0.224499 and ever since a decline followed for the remaining of 2018. The current price of $0.023808 represents a decline of 48% compared to the price on Jan. 1, 2018. What experts think and believe about Tron in 2019?

Tron price prediction 2018

Our Tron price prediction for the remaining of 2018 and more specifically for December 2018 in our article called “Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?” was that “The current trend is a strong downtrend and if we must make a TRX price prediction for the remaining of 2018 it is in favor of lower prices. What is a potential range for our price prediction? A level of $0.010-$0.08 for the end of 2018.”

The recent rally of Tron for the past twenty-four hours of about 10% and a current price of $0,020729 proved our Tron coin price prediction wrong. Our trx coin price prediction was based on the current downturn which changed direction in the past two weeks. What are now some Tron price predictions for the year 2019?

💼 Related Article
Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$
🔥 Hot
1 week 2 days
256
Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

Tron price prediction 2019

Four Tron coin prediction opinions are presented below as a first approach about what could Tron value be in 2019:

  • WalletInvestor.com is very pessimistic about the future business prospects of Tron predicting a 1-year forecast value of $0.000330 or a decline of almost 98%. According to this prediction if price is to move to this very low level then the recent rally would be an opportunity to sell the cryptocurrency. Nevertheless, this article is strictly informational and does not provide any trading recommendation.
  • Smartereum is on the other side with a very different and much wider prediction. They report that analysts are very optimistic about Tron in 2019. Their Tron predictions by the end of 2019 is a price of $12, which is based on fundamental factors, partnerships and advantages, important catalysts for the future price of the cryptocurrency.
  • CoinSwitch is also very optimistic about the price of Tron in 2019. They have a range of $0.05 - $0.06 for the first two quarters of 2019. By the end of 2019 the price could reach $0.11, which is positive as compared to the last year. In 2019, Tron will have positive effects from two important factors, security and privacy.
  • TradingBeasts.com has the following trx predictions for 2019. In January an expected price of $0.02 and in December 2019 a minimum price of $0.05, a maximum price of $0.07 and an average price of $0.05.

Tron price forecast 2019

Theoofy.com presents a few alternative scenarios about TRX price prediction in 2019 based on the positive and negative factors such as high trading volume and large circulating supply. There is a wide price range of $0.3-$0.7 for 2019 which is very optimistic as compared to the current price of $0.020662.

An important note is that the assumption of the constant circulating supply. If the supply changes, this will result in the change in market cap and token price. While this is an important note, we would mention the fact that fundamental factors such as business prospects and applications and a wider adoption of the Blockchain technology worldwide would be very important factors to consider. Regulation is also a key driver for the future price of cryptocurrencies.

Tron price prediction 2020

Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

For 2020 TradingBeasts.com forecasts that during January 2020 a minimum price of $0.05, a maximum price of $0.08 and an average price of $0.06 may be expected. By the end of 2020 in December a large price appreciation is expected with minimum, maximum and average prices of $0.21, $0.30 and $0.24 respectively.

CoinSwitch forecasts that in 2020 Tron for the first time could reach the price of $0.4 and that it will be a year high increased volatility compared to 2019. By the end of 2020 a decline of the price is expected from the price level of $0.30 to $0.24 in December 2020.  Smartereum has mentioned by 2020, the coin is expected to trade at $52.91.

Tron price prediction 2025

Can we make an accurate forecast five or six years from now about the value of Tron in 2025? Logic says that the further we move into the future the less reliable Tron predictions are. But for informational purposes here are some forecasts and TRX price predictions ranges for 2025. DigitalCoin forecasts that the price of Tron in 2025 will reach a maximum value of $0.10024417 in May. By the end of 2025 in December the price could decline to $0.06084865. Another forecast made by thenexttechs.com is that price could go up to $10-$15. With all these trx price prediction ranges we will conclude with our technical analysis for Tron and a conservative approach with a bullish and a bearish scenario for 2019.

💼 Related Article
Bitcoin Price Prediction: How Much Will BTC Cost in 2019?
🔥 Hot
2 weeks 4 days
256
Bitcoin Price Prediction: How Much Will BTC Cost in 2019?

Tron technical analysis for 2019

Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

The optimistic scenario is that the bottom of $0.011 will mark a trend change with a recent uptrend formed and price could move up to the range of $0.035 - $0.051, a range with significant consolidation during 2018. For this to happen the price should close above the declining 200-period exponential moving average with a current figure of $0.0266. It is already a positive factor that price is trading above the 20-period and 50-period daily exponential moving averages. If global regulation issues provide a safer and more reliable environment for the cryptocurrency market in 2019 these price levels may be reached as they are probable and can be considered realistic based on the recent high volatility of the cryptocurrency in 2018.

An important level of resistance is $0.029 which is very close to the current value of the 200-period daily exponential moving average. We do not believe that the high price of $0.10 will be reached in 2019 or in the following years as it would only be feasible due to a higher demand for Tron and speculative momentum. Another crucial reason that could support a price appreciation for Tron in 2019 would be increased interest in ICOs and investments in the Blockchain industry. More capital raised, invested and used for business applications and solutions could send the price of Tron higher than our range of $0.035 - $0.051. Odds are according to our opinion that this most probably will not happen in 2019.

The pessimistic scenario is that price could fall below the recent $0.011 bottom. How low could price go is a tough answer, and a price of $0.0 is certainly a potential price. Without fundamental catalysts a more realistic price in the event price is to decline further would be the range of $0.05 - $0.08.

For now, a consolidation zone of $0.011- $0.028 is evident and at some point, in 2019 a breakout should occur. This wide range could send the price much lower in the event our pessimistic scenario is the one to be materialized. As a conclusion for our technical analysis for Tron in 2019, we estimate that the high volatility experienced in the cryptocurrency market in 2018 should continue in 2019. This high volatility makes the Tron predictions highly unpredictable.

All the opinions mentioned above about Tron price predictions should be taken only as informative. Only time will tell what the real price of Tron will be in 2019. 2018 proved a tough year for cryptocurrency. This does not mean that trends could change in 2019 without some pivotal developments.

📈 Price Predictions
815 views views
👓 Recommended articles
📈 Price Predictions Thomas Hughes

Bitcoin SV Price Prediction. A Top-Ten Cryptocurrency You Need to Know About

📈 Price Predictions
Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap
Bitcoin SV Price Prediction. A Top-Ten Cryptocurrency You Need to Know About
Contents

Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap. The token network is now worth about $1.35 billion and is likely to increase is worth in the coming months. Bitcoin SV, Bitcoin Satoshi Version, is a hard-fork of the Bitcoin Cash blockchain that is giving its parent a run for its money. The BSV is meant to embody the vision of Bitcoin’s founder Satoshi Nakamoto and bring the power of currency back “to the people”.

The real purpose of BSV is to tackle four fundamental problems within the Bitcoin universe and that is where its value lies. These include stability, scalability, security, and safety; the caveat is that we’ve heard all this before, and didn’t those issues lead to Bitcoin’s previous hard-forks?

BSV/USD is under pressure, but the outlook is bullish

Like most cryptocurrencies, Bitcoin SV has been under pressure in the last few months. A lack of coherent regulation and uncertainty for blockchain’s future are largely to blame. The good news is that the token has been stabilizing near the $75 range where it appears to be well support.

BSV/USD Chart

In the near-term, the pair is facing good support at the bullish trend line seen on the chart below. This support is consistent with the horizontal level at 75 but may be broken in the next few days or weeks. The reason is BSV hasn’t shown any type of bullish pressure so it’s very likely to see a break of said support, en route to 70 and possibly the low at 65.

BSV/USD Chart

Such a move would be a buying opportunity. The token is a match for Bitcoin and Bitcoin Cash, both trading well above the $75 or so we are seeing for BSV. A move up is likely to see BSV touch and surpass the $175 level (where Bitcoin Cash is trading) on its way to retest the all-time highs near $225.

Bitcoin SV (BSV) wallet could double up as authenticating device

In a recent Medium post, Craig Wright, Bitcoin SV’s biggest protagonist and chief scientist at nChain, outlined a new way of using BSV’s wallet: as an authenticating method for smart cards. The application focuses on “the use of electronic cards (“smart cards”) to facilitate secure, feasible, yet user-friendly system authentication through a Bitcoin (SV) wallet.”

According to Wright, the application will comply with AML/KYC rules and could be used to verify identity documents (passports, etc.) and to increase the security of payments and/or file encryption. When or if the application becomes usable, remains to be seen but if they manage to deliver a working version sooner rather than later, Bitcoin SV’s price will most likely be affected.

There is some risk to this token as it still new but we’re talking about cryptocurrency here, risk is the name of the game until the regulation is consistent around the world. When that comes you can expect to see this and most other major cryptocurrencies spike sharply higher.

📈 Price Predictions
721 views views
👓 Recommended articles
📈 Price Predictions Thomas Hughes

Cardano (ADA) Out of Top 10. Bitcoin SV Replaces It

📈 Price Predictions
The two cryptocurrencies have recently switched places, with Bitcoin SV overtaking ADA to “steal” the number 10 spot by market capitalization according to data from CoinM
Cardano (ADA) Out of Top 10. Bitcoin SV Replaces It

The two cryptocurrencies have recently switched places, with Bitcoin SV overtaking ADA to “steal” the number 10 spot by market capitalization according to data from CoinMarketCap. At the time of writing, Bitcoin SV stands at $1.3 billion, while Cardano (ADA) has a market cap of just over $1.1 billion.

Chart Analysis – ADA/USD

ADA/USD chart

After failing to touch the key resistance at $0.060 and reaching a high at $0.056 on January 9, ADA has been on a downslide, finding support at $0.040. It is down more than 10.0% over the last 7 days but up 2.6% in the last 24 hours, according to aggregate data from CoinMarketCap.

The 200 period Exponential Moving Average is flat on the four-hour chart and the RSI is neutral, moving in the middle of the range and showing that control doesn’t clearly belong to either side from a medium-term perspective, although in the short term, the bias is bearish.

If 0.040 is breached, the pair will find support at 0.037 and a break of the latter will open the door for an extended drop into 0.030 – 0.028. First resistance sits at 0.050 – 0.051 and until it is broken, the chances of a strong move up are low.

Support zone: 0.040 – 0.037

Resistance zone: 0.050 (0.051)

Most likely scenario: break of immediate support, move into 0.037; choppy price action

Alternate scenario: recovery and move into 0.050 area

📈 Price Predictions
97 views views
👓 Recommended articles