Bitcoin Will Be Worth 41.560USD Before The End Of The Year
Bitcoin will be 80.000USD at the end of the year! Bitcoin will be 25.000USD by June! Bitcoin will be 15.000USD this week. There are so many predictions that its difficult to recognize whats true. Luckily, we found the 5 most accurate predictions online.
We took the average of these predictions and concluded that the price could hit 41.560USD before the end of the year. If that happens, the total marketcap will be around 1.5 trillion dollars. That is almost 5X from now and will turn a 8.500USD investment (current BTC price) into 42.500USD. We told you before, now is a great time to invest. Read Why
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What are the predictors predicting?
[Paul Day / Market Securities Dubai Ltd.]
2.800USD before the end of the year
´´According to a graph posted by Bloomberg, the 50-day moving average is getting close to the 200-day moving average. If it touches the latter, or worse, goes below it, bitcoin will suffer a great loss.
Considering these trends and comparing these activities to BTC’s price in 2013, technical analyst Paul Day from Market Securities Dubai Ltd., has claimed that the value will eventually drop to $2,800. “There’s been a definitive shift over the past couple of months after the bubble activity at the end of 2017,” said Day.´´
[Tom Lee / Fundstrat]
25.000USD in 2018
125.000USD in 2022
Fundstrat’s Tom Lee has forecasted that Bitcoin’s price will reach $91,000 by March 2020, basing his prediction on a chart that shows Bitcoin’s (BTC) performances after past market dips, Forbes reported March 17.
Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.
The Forbes piece notes that because the chart is based on a logarithmic scale as opposed to the traditional linear-based graph, BTC’s highs and lows are not as distinct.
Lee has been predicting high prices for BTC since its price was below $3,000. In July 2017 Lee had already stated that Bitcoin would hit $55,000 by 2022. More recently, in January of this year, Lee said that BTC would hit $25,000 by the end of 2018.
Lee and Fundstrat also recently released the “Bitcoin Misery Index” in early March, which is described as a “contrarian index’ that lets investors know how “miserable” BTC holders are at the current price.
[Kay van Petersen / Saxo Bank]
100.000USD in 2018
Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC on Tuesday.
´´Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform.
Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017. At the time, bitcoin was trading below $900, according to CoinDesk, a website that tracks the price of digital currencies on a number of different exchanges.
Bitcoin blew past the $2,000 figure in May.
Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018.
"First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pull back at one point, which is healthy. But we have still not seen the full effect of the futures contracts," Van-Petersen said.´´
[Julian Hosp / CEO of Tenx]
60.000USD in 2018
NOTE: THIS STATEMENT IS FROM DECEMBER 2017!!
"I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.
"The question is though, 'Which one is it going to hit first?'" he said.
Hosp's forecast would represent a $45,000 rally from the current price of bitcoin — or a $10,000 collapse, underscoring the volatility of the world's largest cryptocurrency.
What does the trend tell us?
Bitcoin is still in an upward trend since september 2017. If this trend continues we will see bitcoin somewhere between 15 and 20K at the end of the year. But, always remember, we do not have a glass sphere so bitcoin could even hit 100K.
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