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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 Expands, Ripple Listing Speculation Increases

  • Thomas Hughes
    📈 Price Predictions

    Some have speculated that the last announcement will be the listing of Ripple (XRP), a fact which would probably give a big boost to XRP’s price

Coinbase Expands, Ripple Listing Speculation Increases
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As part of their “12 Days of Coinbase” project, which involves making a new announcement every day between Dec. 10 and Dec. 21, Coinbase just announced they plan to expand to 6 SEPA countries: Andorra, Guernsey, Gibraltar, Lithuania, Iceland and Isle of Man.

The announcement came on Dec. 20, which leaves only one more day until the end of their project. Some have speculated that the last announcement will be the listing of Ripple (XRP), a fact which would probably give a big boost to XRP’s price because, in the past, even rumours about such a listing were received with a bump in price.

Chart Analysis – XRP/USD

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After attempting several times to break the major hurdle at 0.40, XRP/USD seems to take a sideways path, with long wick candles and no advances for the last 24 hours (-3.16% change). However, the pair has gained more than 25% over the last 7 days, so a retracement is normal and even healthy after a long climb.

Currently trading at 0.38 against the US Dollar, XRP is likely to move above 0.40, especially if it can maintain above 0.33 – 0.35 support zone. Support will also be provided by the 20 and 50 periods Exponential Moving Averages and although for now buying pressure has diminished, the outlook remains bullish.

Support zone: 0.33 – 0.35 as well as the 2 EMAs

Resistance zone: 0.40 – 0.41

Most likely scenario: break of 0.40 (this doesn’t exclude a longer period of sideways, choppy movement)

Alternate scenario: break below 0.33 – 0.35

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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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