🔥 TOP STORY
[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!
[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!

BitMEX CEO Bullish on Ethereum. Here’s Why

  • Thomas Hughes
    📈 Price Predictions

    Arthur Hayes, the CEO and Founder of crypto exchange BitMEX, has recently stated that Ether could reach $200 soon

BitMEX CEO Bullish on Ethereum. Here’s Why
You may also like:

Arthur Hayes, the CEO and Founder of crypto exchange BitMEX, has recently stated that Ether could reach $200 soon, under one condition: if the ICO market picks up and new projects start coming in.

As for the timeframe for this prediction to come true, Arthur Hayes had this to say (translated): “Once there are new issues, then Ether will rebound aggressively. When the ICO market returns, Ether will quickly test $200. The timing of the ICO rebirth is 12 to 18 months out”. Considering that ETH recently hit $163 on Bitfinex, I think it’s safe to say it will breach $200 sooner than in 12 to 18 months, unless something goes terribly wrong with the crypto market.

Chart Analysis – ETH/USD

image

Currently trading at 128 against the US dollar, ETH is completing a much-needed retracement and has been trading sideways for almost 2 days, most likely due to Christmas. It is still up more than 17% for the last 7 days but down 2.66% in the last 24 hours at the time of writing and according to CoinMarketCap.The pair is likely to find support at the 200-period EMA on a 4-hour chart but also 127 is now acting as good support, so we may get a push higher from here. Keep in mind that the Winter Holidays usually generate irregular volatility and sometimes unpredictable market movement, so make sure you limit your exposure and consequently, your risk.

Support zone: 127 (currently tested) and the 200 EMA (4-hour chart)

Resistance zone: round numbers (140, 150) and the high at 163

Most likely scenario: choppy markets, irregular price action

Alternative scenario: strong directional movement

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles

[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!

  • Denys Serhiichuk
    📈 Price Predictions

    💸🤑More than 1 year ago, Bitcoin cost $10,000. Despite the fact that the most popular cryptocurrency and the whole market was in a bearish trend last year, there are still positive forecasts from experts for 2019. We prepared a Bitcoin price analysis to show that both technical and fundamental factors can get BTC back to the important level of $10,000

[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!
You may also like:
Contents

Bitcoin is still the most popular cryptocurrency in the world. This year marks 10 years since its creation. Last year was not the best for cryptocurrency holders. After a long lull, many hope the value of Bitcoin will increase. There is reason to believe that in 2019 the cost of this cryptocurrency will reach $10,000.

Causes of the possible comeback

In favor of the appreciation of Bitcoin, many analysts of Forbes magazine offer negative forecasts of other cryptocurrencies. According to them, they will gradually lose their popularity. Fewer people trust altcoins. Forbes analyst Naeem Aslam argues that the cost of Bitcoin will not fall below $2,000 and may well overcome the mark of $10,000.

BTC Price Analysis

Analyst and expert in the field of cryptocurrency forecasts Kevin Cook notes that this month the volume of BTC transactions is on the rise and over the past five months has grown by 150%.

Thus, today it is impossible to say that Bitcoin is losing popularity.

On the contrary, its dominance in the cryptocurrency market is almost 51%, which allows the cryptocurrency to remain the focus of attention of potential investors.

Recently, a well-known BTC supporter, Tom Lee, suggested that the fair price for a popular digital asset should be between $5,000 and $20,000.

Tim Draper, a widely known crypto-optimist, also confirmed his forecast for cryptocurrency and expects its value to be $250,000 by 2022.

Bitcoin in 2019: what to expect?

The rapid growth of the Bitcoin rate can contribute to its implementation into the economy as a means of payment, and not as a stock exchange instrument. Optimism is added by plans of some large businessmen to accept Bitcoin. Although it was conceived as an independent currency, its entry into the world financial system would breathe new life into it. Now the US Securities and Exchange Commission is considering the possibility of creating Bitcoin ETFs. The decision is likely to be positive. This will attract several hundred billion dollars of investments and will have a positive effect on the cryptocurrency rate.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles