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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Tron (TRX) Price Growth Scenarios 2019: $0.7 Value Is Still Possible. What’s the Role of Bitcoin in That?

  • Vera Thornpike
    📈 Price Predictions

    📅 Can Tron reach $0.07 in 2019? 🔦Find out how TRX price predictions depend on Bitcoin fluctuations, and what will drive Tron growth this year🤔

Tron (TRX) Price Growth Scenarios 2019: $0.7 Value Is Still Possible. What’s the Role of Bitcoin in That?
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Contents

One of the Top-10 cryptocurrencies, Tron continues making its way to the top. Its current price and position are mostly driven by the volume of the market cap and actions taken by Tron Foundation. However, Bitcoin performance shouldn’t be underestimated, too.

What will Tron’s value be in 2019, and which factors are contributing to its growth?

How will Bitcoin change Tron’s price?

As usual, Bitcoin fuels altcoin trends and defines their development paths. Considering this, Bitcoin price movements will affect TRX, too. The following scenarios should be expected:

  1. If BTC will rise swiftly, Tron is more likely to join the rise. With lower possibility, Tron will be depressed as money flows into the BTC market cap.

  2. If Bitcoin plunges, it should take the vast majority of altcoins with it. There’s a slight chance that money will flow to altcoins.

  3. If BTC moves sideways, altcoins will mimic its direction. At the same time, there will be favorable trade opportunities for the TRX/BTC pair.

Tron might reach $0.7

With so many positive tendencies on the market, Tron has a chance to reach $0.5 or even higher. A lot of analytic websites predict that Tron will cost $1 by the end of 2019. However, this assertion seems to be too optimistic. This prediction can be viable when made for 5 years instead of one.

Aamir Kapoor, a cryptocurrency writer, suggests that Tron might reach the level of $0.6-0.7 this year. The cryptocurrency has managed to survive through the crypto winter and even outperform EOS and Ethereum by the number of applications built on its blockchain:

With more investors (for instance, PayPal will soon partner with TRX), Tron will raise the market cap to reach new heights.

Let’s not forget about its technological superiority. Tron’s 3.5 hard fork upgrade is likely to trigger a new wave of hype. Here’s what the newly released Tron update boasts:

1. Multi-signature & acc. management allows for more than one authorization to validate a transaction

2. Dynamic energy adjustment (energy adjustment is based on demand in real time)

3. 50% performance upgrade

4. Better VM safety

Thus, the cryptocurrency has all chances to skyrocket from the current price of $0.023 to $0.07 or higher. Keep in mind one thing: this year, traders won’t act blindly. The previous failures have taught us to analyze the market better, so all price fluctuations will have more substantial reasons behind them.

Buying Tron right now makes sense, but be prepared for long-term holding – sudden pumps aren’t likely.

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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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
You may also like:
Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

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.

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