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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!

Not All ICO’s Were Bogus: This Token Proves It

  • Thomas Hughes
    📈 Price Predictions

    The BAT coin is the native token of the Brave network but that isn’t the reason to own it, not the only reason

Not All ICO’s Were Bogus: This Token Proves It
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In a world in which ICO after ICO emerges, gains popularity, and then goes bust there is one that is worth owning. The BAT coin, the Basis Attention Token. The BAT coin is the native token of the Brave network but that isn’t the reason to own it, not the only reason. The reason to own this token is that it is proving to have true utility. Utility means purpose, where there is a purpose there is demand and where there is demand traders can make money.

The Brave Browser is a privacy-oriented web-browser that pays its users to view ads. That’s right, users of the Brave Browser have the choice of which ads they see, or don’t, and are paid by the system for watching them. The reason why users switch to Brave is not for the BAT’s they receive for using it is it for the privacy, safety, and speed they get with the system. At last count, there were over 4 million active Brave users and 25,000 publisher accounts with the number of users expected to exceed 5 million by the end of 2018.

Chart Analysis BAT/USD

BAT/USD chart

The BAT/USD has been suffering from the same bearishness that has plagued the entire crypto market, but not quite as bad. Where BTC and ETH both moved down to set new lows below the winter 2018 lows BAT found support at that level and was able to move higher. The token is now trending sideways within its long-term trading range and gaining support as publishers, advertisers, and Brave users begin to hoard large amounts of these tokens (while they are at bargain-basement prices).

The technical picture is still a bit cloudy but there is one thing certain, when this token dipped to support there were buyers waiting in the wings. This means support is strong at 0.12500 and not likely to be broken without another major breakdown of the cryptocurrency market. Longer-term, look for the token to move within its trading range with an upper limit near 0.3500, nearly 200% above the current levels.

Support zone: 0.12500-0.1300

Resistance zone: 0.3500

Most likely scenario: A move sideways within the range that will eventually retest the upper limit.

Alternate scenario: A retest of the recent lows and new lows will be set.

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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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