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New! Bitcoin Price Prediction: John McAfee’s Sensational Forecast Is $170,000 By the End of 2019

  • Vera Thornpike
    📈 Price Predictions

    John McAfee has made a loud statement about the Bitcoin price in 2019. Can it really hit the $170,000 threshold by the end of the year?


New! Bitcoin Price Prediction: John McAfee’s Sensational Forecast Is $170,000 By the End of 2019
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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.

Most of those who keep tabs on cryptocurrency news have heard John McAfee’s infamous Bitcoin price prediction:

New! Bitcoin Price Prediction: John McAfee’s Sensational Forecast Is $170,000 By the End of 2019


One of the loudest names in IT and crypto spheres, McAfee always makes cynic passes at companies and other crypto market players but seems to be deeply fond of Bitcoin. Despite the severe bearish fever of the crypto market in Q4 2018, McAfee doesn’t give up on his belief. He is sure that BTC will hit $1 mln by the end of 2020. He didn’t give any price prediction for 2019 yet, but, according to his Bitcoin prediction 2020, BTC should be around $170,000 on December 31, 2019 to be able to hit the $1 mln mark a year after.

According to the McAfee Prediction Tracker Bircoin.top, Bitcoin should be growing at the daily rate of 0.484095526% from the day McAfee published his BTC price forecast to December 31, 2020, to reach the $1 million threshold.

Is it just another loud statement (which is quite McAfee’s style), or is there a grain of truth in this forecast?

Alternative Opinion: Crypto Pundits Don’t Share McAfee’s Optimism

While McAfee gives blurry arguments in support of his announcement, other crypto experts describe clear, unbeatable reasons for Bitcoin to grow. Their predictions, however, are not such astronomical numbers as $170,000.

  1. According to Michael Novogratz, CEO of investment firm Galaxy Digital, Bitcoin should hit $10,000 by the end of the first quarter of 2019. “And after that, we will go back to new highs — to $20,000 or more,” he told the Financial Times in an interview in November 2018. The main reason for that is the flow of institutional investors.

  2. Sonny Singh, the Chief Commercial Officer of Bitpay, agrees with Novogratz: he claims Bitcoin can crawl to $20,000 by the end of 2019 and won’t drop below $15k afterward. He is sure that the general market bull run will be driven by institutional investors, such as BlackRock, Square, and Bakkt. "Next year will see new players and miners emerge in the industry. We will not see any rapid shift but by the end of Q1 or Q2, Bitcoin will emerge as a viable commodity," he said.

  3. Anthony Pompliano, the founder of Morgan Creek Digital Assets, is less optimistic. He claims the bear market will overtake until Q3 2019 before we see any positive changes (the current bear market should last for about 650 days, he reckons). Pompliano says Bitcoin can drop below $3,000 this year before it starts recovering.

    Arthur Hayes, the CEO of crypto derivatives exchange BitMEX, has pretty much the same prediction: he also predicted Bitcoin to reach $50K in 2018 but changed his mind in the opposite direction. Now he says 2019 won’t see a bull run at all.

  4. Ronnie Moas, a cryptocurrency analyst, predicted Bitcoin will reach $28,000 in the course of 2019. He believes the BTC price will rise thanks to the increasing demand and decreasing supply of Bitcoin.

New! Bitcoin Price Prediction: John McAfee’s Sensational Forecast Is $170,000 By the End of 2019

Fran Strajnar, the CEO of crypto research firm Brave New Coin, is the only crypto expert to believe McAfee’s prediction: he expects Bitcoin to reach $200,000 no later than January 1, 2020.

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

  • Denys Serhiichuk
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    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.

👉MUST READ Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019
Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019

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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