Vera Thornpike

Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible

Tether price prediction 2019 – Can it outgrow a $1 value?
Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible
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Tether, one of the top-10 world cryptocurrencies, seems to be gaining traction – a lot of experts put hopes in this asset believing that it can triple its current $1 cost. However, $3 is a very humble forecast. Prepare for Tether to reach $5, but keep in mind that it may fall to $0.14 as well. What are the chances? Let’s read USDT price predictions 2019.

Tether all-time price chart
Tether price chart: USDT’s recent price has been around $1

The most popular Tether price predictions 2019

Forecasts differ by numbers, though the vast majority of websites and experts are sure that USDT will gain in value.

TheNextTechs.com

One of TheNextTechs.com website authors published an article where he tried to predict Tether’s price. He believed that USDT is to reach the price of $1.50 by the end of 2019. Here’s what he said:

“Tether forecast shows that price shows a corrective wave. After every corrective wave, there will (be) a(n) impulse wave. Inverters should wait for that impulse wave, and after that, they will gain a 50% profit.”

Thus, if you invest $100 right now, you can enjoy 50% gains by the end of the year. Seems to be too positive? Wait a bit.

Coinfan.net

According to this website that focuses on technical analysis, Tether should reach $1.9 by the end of February. By the end of this year, it should grow to as much as $7! That sounds unrealistic considering the fact that Tether is backed up by the US dollar, so the gap would be too huge.

Uslifted.com

Combining the predictions of all other websites, Uslifted.com states that 2019 will be a year of opportunities for traders. In 2019, prices of cryptocurrencies are expected to rise, and Tether will reach $1.75. Right now, it’s better to hold USDT and wait some time.

The reverse side of the coin

While the growth of cool altcoins like Ripple and Stellar is conditioned by their technological superiority, Tether hasn’t much to offer. That’s why some experts and websites aren’t so sure about its success.

According to Fortune.com, Tether is not interesting for investors, so there’s a chance it will follow the way of Basis, which was shut down in 2018. This stablecoin project won’t survive through the battle and won’t be able to preserve a monopoly.

Tradingbeasts.com predicts that USDT will be stale all year round: it will be stuck at the $0.60 point. In 2020, it will fall to $0.53 and stay at this level.

The InvestingPr.com website, which focuses on traditional stocks as well as a cryptocurrency, has a neutral opinion. Here’s what one of the authors said:

“Tether is a great idea that is crucial to the healthy functioning of the cryptocurrency markets, but its execution has been far from perfect. The concerns over its finances and recent market moves have spooked experienced and casual investors alike. Barring major new revelations, however, Tether is unlikely to deviate far from its $1 benchmark.”

Considering the fact that Tether relies heavily on the US dollar, this prediction can turn out to be true.

What can drive Tether growth?

There are several factors that can promote Tether development:

  1. Wide availability, which will attract major investors.

  2. The volatility of Bitcoin and other cryptocurrencies.

  3. Investors are very likely to avoid price drops after such a long bearish period.

  4. Increasing supply.

At the same time, Tether has a lot of issues to deal with. For example, the crypto community and government have to decide whether the audit is required. Besides, there’s a threat of lack of reserves, but the Tether team promised that it has sufficient fiat backup reserves.

Every USDT coin is supposed to be backed up by a fiat $1
USDT relies on USD total supply

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.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

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.

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!
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