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📈 Price Predictions
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Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets

  • Vera Yurina
    📈 Price Predictions

    Bitcoin price prediction Q1 2019 from TradingView’s best authors

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets
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.

Contents

The discussions around Bitcoin’s future never quiet down, and the crypto community cannot come to terms. Many men, many minds: some reckon that the Bitcoin bubble is about to explode, while others have high hopes for it. Wonder what Bitcoin’s short-term price prediction is for 2019? Let’s check out ideas and opinions from TradingView’s reputable users.

TomHall: [BTC/USD] - $6,130 or $1,000

The user called TomHall reckons that Bitcoin’s future could be determined by the next serious structure breakout, and the possible forecast for Spring 2019 is $6,130. But the Bitcoin price should fall not lower than $3,100 to receive support. So, when should we expect the BTC price to rise? According to TomHall, a $4,000 daily descending trendline and breakout of 50 EMA index could trigger BTC price growth. Continued changes of LLs and LHs would show that $3,100 is unlikely to hold for long and be significant support. At the moment, there is not much breakdown due to investors’ hesitation and lack of action.

Right now, Bitcoin’s fate is mostly driven by hype and sell/purchase actions. But TomHall believes that later technical aspects will play a bigger role.

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets

Botje11: Expect Nothing Certain

The crypto expert that used to make loud statements about Bitcoin is now being more accurate. According to Botje11, we should expect the bull run for as long as we stay above the $3,300 level (the fluctuation in the range $3,200-3,350). It’s hard to make any conclusions because of a low BTC daily turnover on the market. Generally, the low volume means a bearish tendency, but the shape of a wedge signifies a bull run. The fact that the breakup of the line was small makes it very weak. Besides, there have already been a few breakouts in the $6,000 range, and the breakout of $3,400 seems to be too weak.

Oppositely, a break of $3,380 would indicate the wedge failed totally. Anything in between $3,380 and $3,450 would mean a weakening of the bearish grip.

What Botje11 recommends is waiting until Bitmex increases to $1.5-2 bln – it may be a good sign as well. Although the blue line on the graph suggests a bearish market, it can easily break from the push zone $3,450+.

Anyway, the user gives no clear predictions – we should keep an eye out for Bitcoin fluctuations every day.

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets

VaidoVeek: Aim for 1 BTC - $3,500

This user seems to be more positive: the last bounce to $3,390 inspired him, and he is sure we are close to hitting the threshold of $3,500. So, what’s the current tendency? Look at VaidoVeek’s graph:

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets

And read the explanation:

The price goes into the strong crossing area. There is a recent short-term higher high (orange line), there is the round number $3,500 which works as resistance and there is a Falling Wedge upper trendline which works also as resistance. If the price reaches into the light blue "circle"/area then this area is a decision price zone for short- or even mid-term perspective.”

Thus, if the price stays below the blue trendline, it will take a bit longer to reach $3,500, or it might even lead to Bitcoin selling. We should wait for a 4H candle close above the $3,500 – it will confirm the bullish trend. After the rejection of $3,500 in the nearest month, we should be prepared for a prolonged bearish winter.

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.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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