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An Analysis of Bitcoin Price Prediction for 2019

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Title: An Analysis of Bitcoin Price Prediction for 2019


1
An Analysis of Bitcoin Price Prediction for 2019
  • Presented By- Eric Kneigfile

2
  • Price predictions regardless of whether they are
    for traditional shares and securities, fiat or
    cryptocurrency are based on past trends. And
    Bitcoin is no exception. Hence, before predicting
    the Bitcoin price for 2019, it will be relevant
    to know what happened last year.

3
  • Bitcoin prices took a nosedive by almost 75 in
    2018 from a high of 18,000 to a low of 3,790 as
    on December 2018. After a strong tailwind in
    January 2018, it has only been down for Bitcoin
    price. Is the 2018 Dec, price a bottom for the
    cryptocurrency? Where will Bitcoin price in 2019
    hold? Given the volatility of the crypto and the
    near-violent swings it goes through, it is best
    to follow what the experts are saying on this
    score.

4
  • Bitcoin recent news focuses on what Boris
    Hristov, a Bitcoin and technology researcher has
    to say. According to him, one of the ways that
    Bitcoin will find a potential bottom and move
    higher in 2019 will be when large institutional
    investors enter the market. But that can happen
    only if the usual market volatility in crypto
    eases out and achieves a greater degree of
    stability than 2018.

5
  • The previous Bitcoin price forecast was in the
    region of 160,000 for 2020 or 2022. That seems
    to be a distant dream now.
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