the whole crypto market is in an even worse position with 70 percent of all ICOs failing to surpass their initial valuation. Bitcoin price witnessed a sudden 200 move in both directions within a matter of hours. Bitcoin then went on to test the 200 Exponential a few times and was rejected each time. The first two weeks didnt see any major changes to bears grip on market and investor sentiment resulting. Kyle Fournier, Crypto Analyst at CryptoManiaks : On January 1st, 2019, I expect the price of Bitcoin to be about 10,000. If the futures hit market via ICEs Bakkt cryptocurrency platform this month it could change the entire playing field of bitcoin market as it will bring huge volume and fund flow from retail institutional investors greatly changing price dynamics of Crypto currencys progenitor. The US SEC giving green light to a Bitcoin ETF. A 200 move to the downside this time.
Peter Brandt: 1,200 Technical trading vet Peter Brandt also doesnt see Bitcoin recovering in 2019 his prediction stands at 1,200 if the price of Bitcoin drops below the psychologically important 3,000 mark (the flagship cryptocurrency was already on the cusp of doing this year). Instead, sellers stepped in promptly and sold heavily into the 3775 level. Gavriel Shaw, CMO at Bitcoin.com : As a hobbyist trader and self-proclaimed market psychologist, my best guess at the bitcoin price by January is way up due to strong market forces and price chart patterns. Global management consulting company.T. And this is where things get even more interesting. Earlier, Lee predicted that the worlds largest crypto would reach 25,000 by the end of 2018. However, and this is a big however.
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The measured move for this is typically the length between the neck and the top. Typical event-driven-market-behaviour: Event is announced weeks in advance. After that, the sky's the limit for Bitcoin Pomp predicts that it could eventually breach the 50,000 mark in the nearest future. Khaled Khorshid, Co-Founder at Treon ICO : In my view, we did not see BTC getting dumped nor have we seen it brake its crucial resistance points since August. Historically, every single year starts with a bloodbath for the worlds biggest cryptocurrency. On the flip side, there have been numerous occasions when the price was predicted to plunge to zero. Andy Cheung: 20,000 Andy Cheung is yet another industry expert who believes that Bitcoin could match its current ATH of 20,000 the following year. Van Dijl, Financial expert: At the beginning of this year I predicted a bitcoin value of 150.000. Join the Bitcoin hater party Calvin Ayre, the founder of Bitcoin Cash, is on the same wavelength with Bitcoin Jesus Roger Ver, claiming that BCH will make its older brother completely irrelevant.
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