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[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!

Coinbase Adds Crypto-to-Crypto “Convert” Features

  • Thomas Hughes
    📈 Price Predictions

    Coinbase’s basket of digital assets is relatively thin, but they plan to add more in the recent future or at least that’s what they have stated

Coinbase Adds Crypto-to-Crypto “Convert” Features
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Leading U.S. exchange Coinbase has recently added a service that allows users from 35 countries to “convert” (trade) the listed cryptocurrencies against each other. Currently, Coinbase’s basket of digital assets is relatively thin, but they plan to add more in the recent future or at least that’s what they have stated.

Also, U.S. customers now have the possibility to withdraw fiat currencies directly into their PayPal account. Coinbase representatives revealed plans to expand this feature to other regions, but the timeline is not yet set.

Chart Analysis – LTC/USD

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Litecoin has been one of the best performing coins, posting gains of almost 20% for the last 7 days, with most of those gains taking place over the last 2 days. Currently, Litecoin is trading just shy of 30 US dollars and seems to be retracing lower after the strong climb that started near $23.

The 2 EMAs have crossed bullish and are pointing upwards, which is surely a bullish signal, but now the RSI is moving lower after becoming overbought, which means that a bearish correction has already started. The target for this move lower is 27.80 (zone, not exact level), where upside movement may resume.

Support zone: 27.80 and the 2 EMAs

Resistance zone: 31.30

Most likely scenario: the correction finds support around 27.80 – 27.00 and upside movement resumes

Alternate scenario: low volatility break of support followed by choppy movement

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[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!
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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.

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