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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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...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) — Market In Uncertainty or Bulls Are Back In The Game?

  • Denys Serhiichuk
    📈 Price Predictions

    Bulls are not going to pass the baton to bears. When should we expect a market reversal? The following price analysis will help you to answer this question


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Market In Uncertainty or Bulls Are Back In The Game?
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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 cryptocurrency market did not follow the scenario of last week and keeps trading near the zone of local maxima. Since the next pullback has not occurred and the growth continues, we can safely talk about the resumption of the qualitative upward trend.

At the same time, CME data show a decline in interest of investors involvement in Bitcoin futures.


As altcoins have recovered, BTC’s domination rate reduced and now is 52%.

BTC/USD

Technical analysis of Bitcoin shows moving to an important resistance level of $6,000. In the case of continued growth and breakdown of the upper boundary of the channel, we should expect the resumption of a full-fledged upward movement. In this regard, the RSI Prediction Band also indicates bullish tendencies.  

 BTC/USD chart by tradingview

Based on a 4-hour chart technical analysis indicates the formation of the Triangle pattern, which shows that BTC is unlikely to move below $5,250. In the case of the breakdown of the upper boundary of the model and closure above $5,500, one can expect continued growth with a potential goal of $5,700. An additional signal here is the test of the support line on the Relative Strength Indicator (RSI).

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The price of BTC is trading at $5,292.45 at the time of writing.

ETH/USD

The main altcoin synchronously with Bitcoin at night showed positive dynamics, as its price increased by more than 3%. The ETH/USD pair pushed away from the support of the 200th EMA at the level of $155 and rapidly soared above the fast 50th EMA at the area of $165.

ETH/USD chart by tradingview

One more resistance area is located at $174, the break of which will push the asset closer to a psychological zone of $190.00. A breakout of this level will indicate confirmation of a rise in
ETH/USD quotes.

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The price of ETH is trading at $171.63 at the time of writing.

XRP/USD

Among the top 3 coins, Ripple has shown the biggest growth over the past 24 hours. Investors and traders are showing interest in the coin, as its market capitalization has increased by around $300 million over the last day.

XRP/USD chart by tradingview

Taking into consideration a technical point of view, Fibonacci retracement shows a consolidation in the green area (61.8%) at $0.343, which serves a consolidation zone. The RSI indicator does not demonstrate the overbought and XRP has enough strength to conquer one more resistance level at $0.35. If the crypto market continues its bullish trend, Ripple will be able to come back to its previous highs.

The price of XRP is trading at $0.3396 at the time of writing.

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