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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!

Whales Starting to Move Ethereum Assets

  • Thomas Hughes
    📈 Price Predictions

    More than a quarter billion USD worth of Ether was transferred over the weekend in 21 separate transactions.

Whales Starting to Move Ethereum Assets
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More than a quarter billion USD worth of Ether was transferred over the weekend in 21 separate transactions. The total amount adds up to more $273 million, with ten (10) of the largest transactions going from crypto exchange Bitfinex to an unknown address.

This could be due to Bitfinex’s scheduled maintenance and server upgrade, but I am sure the FUD spreaders will speculate about malicious intent. In the meantime, Ethereum is sitting at a comfortable 12% gain over the last 7 days, so it doesn’t seem affected that much.

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Currently trading at 153 against the US Dollar (aggregate price, CoinMarketCap), Ethereum has been one of the biggest gainers of the 2018 – 2019 switchover and is trading in an uptrend since reaching a low at $83 on Dec. 15, 2018.

Although the last month has been mostly bullish, Ethereum is still in a downtrend that started in January 2018, so don’t pop the champagne just yet, thinking it’s going to the Moon. The last few days the pair has traded just shy of 170 resistance, failing to threaten it, so it seems like upside action may need a retracement or at least that bullish pressure is dissipating.

Support zone: 50 EMA, 200 EMA, $130

Resistance zone: 170    

Most likely scenario: drop below 50 EMA (4-hour chart)

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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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