An Analysis of Bitcoin Price Prediction for 2019

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An Analysis of Bitcoin Price Prediction for 2019

• Presented By- Eric Kneigfile

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• 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.

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• 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.

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• 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.

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