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BTC Short Term Price Prediction: Majority of Experts Agree That Bitcoin Is About to Rise Again. Might They Be Wrong?

  • Vera Thornpike
    📈 Price Predictions

    Short-term Bitcoin price prediction: What should we expect from February 2019? Compare expert opinions vs unbiased technical analysis.


BTC Short Term Price Prediction: Majority of Experts Agree That Bitcoin Is About to Rise Again. Might They Be Wrong?
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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

When Bitcoin fell from almost $20,000 to $3,500 within a year, many investors had to rethink their blind optimism. They are now thinking more critically and check every price fluctuation to make the right steps.

Bitcoin was one of the bearish market’s victims, and now stays suspended within the range of $3,200 and $4,200. Will things change in the nearest time? Let’s see which BTC price predictions 2019 are offered by experts vs websites using technical analysis.

Most Crypto Experts are On the Bright Side...

The vast majority of crypto experts seem to share epidemic optimism: they don’t give up on Bitcoin and believe it is to overcome the $20,000 threshold this year.


Average number of positive Bitcoin predictions is $23K for one BTC
Positive scenario of Bitcoin development 2019-2021
  1. Fundstrat's Sam Doctor and Tom Lee both agree that Bitcoin should rise to approximately $36,000 within 2019, with $20,000 as the minimal price, and $64,000 as the maximum.
  2. Ronnie Moas sets pretty much the same target for Bitcoin: he believes it will hit the $28,000 mark by the end of this year.

  3. Mike Novogratz, the founder of Galaxy Digital, is sure that Bitcoin will reach $10,000 within the first quarter of 2019 and should double further by December 2019.

  4. John McAfee sets a higher limit: judging by his previous forecast, Bitcoin should trade at around $170,000 this year!

If those predictions are right, Bitcoin should reach $4,500-$6,000 in February and continue strengthening its positions. But is it possible in the current market position? Some crypto enthusiasts doubt it.

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Ethereum, Bitcoin, Litecoin or Ripple: What’s The Most Eligible $100 Investment in 2019?

...Others Don’t See the Silver Lining

On the other hand, there must be some aspects to trigger the momentum of Bitcoin growth. Are there any? Some crypto pundits are sure that all cryptocurrencies including Bitcoin cannot escape the unrelenting grip of the bearish market.

  1. Anthony Pompliano, the founder of Morgan Creek, said that Bitcoin isn't going anywhere. It even might lower to $3,000. However, it doesn’t mean you should shy away from Bitcoin – it’s just the right time to invest while it’s cheap.

  2. Arthur Hayes, the CEO of crypto derivatives exchange BitMex, has the same thoughts. He claims Bitcoin will be under a bearish trend throughout 2019, and its price will fall to $3,000.

  3. Vinny Lingham, the CEO of the Civic startup, states Bitcoin will experience its worst times before becoming more stable. In the nearest time, BTC will nosedive to $3,000 or even lower to be reborn as a phoenix.

  4. The analysts from Saxo Bank give quite a contradictory prediction: they claim Bitcoin’s future is like a rollercoaster. Two of their analysts said, “Bitcoin will continue to rise – and rise high – during most of 2019 but Russia and China will together engineer a crash.” Indeed, new laws and governmental regulations can contribute to sudden failures.

Judging by the websites performing technical analysis, we are to witness further Bitcoin decline in February. Look at the analysis provided by previsionibitcoin.it:

Bitcoin continues suffering from bearish trends
Bitcoin 2019 price prediction by previsionibitcoin

But don’t let it discourage you! If Bitcoin falls further in February 2019, you will have a golden opportunity to buy BTC for cheap. Zhao Dong, one of the biggest Bitcoin OTC traders in China, said it’s the right time to invest in Bitcoin because you can yield 100 to 200% ROI over the next 3 years.

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    📈 Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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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 situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

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However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

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An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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