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An Analysis of Bitcoin Price Prediction for 2019

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An Analysis of Bitcoin Price Prediction for 2019

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  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 2019hold? 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 newsfocuses 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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