The digital currency space is now booming with the emergence of new digital currencies. More cryptos are now coming into the space, giving digital asset investors a wide range of option. Digital investors are now looking for new coin including Bakkt crypto, Kappa crypto, grin crypto, Holo crypto, and XYO crypto. The study of the underlying technology of crypto has also increased. Developers are now taking smart crypto courses, Glenn Beck crypto course, crypto crew university, and more.
Bitcoin (BTC), which is the largest digital currency by market cap, has been recording some gains over the past weeks. For the first time in a long while, digital currencies have recorded gains consecutively for almost two months. Will crypto ever recover? Is this the next crypto bull run or Bitcoin bull run? The six weeks consecutive increase in the value of cryptocurrencies has made many to believe that the crypto-winter is over, and the next crypto bull run is on the way.
Bitcoin Price Prediction 2019: Weeks of Bitcoin Gains
With the continuous rise in Bitcoin price, Tim Draper Bitcoin price prediction might be seen in the near-term. This is the first time Bitcoin is posting gains for six consecutive weeks since it tested its all-time high. This was pointed out by a leading digital currency analyst – Alec Zuipsnys. The consecutive gains started in mid-February this year.
In mid-February, Bitcoin price surged by 2.9 percent. The following weeks, it rallied by 1.58 percent, 2.86 percent, 1.73 percent, and 0.11 percent. The gains it amassed over the past week is the most notable so far. Bitcoin price rallied by a whopping 3.18 percent last week. While these gains might look small, bitcoin price has surged by about 13 percent since mid-February until date. On the 17th of February, BTC was trading around the $3,600 level, but it is now trading over the $4,180 level.
Other digital currencies in the market – altcoins – have also been experiencing a stable price range over the past weeks. Altcoins such as Binance Coin (BNB), Cardano (ADA), and Litecoin (LTC) have surged significantly.
The Next Crypto Bull Run Is on the Way
According to Murad Mahmudov, such consistent gains on very low volatility have presented a bullish case of the market in the past. Bloomberg also recently reported that the bulls of Bitcoin are not giving up yet. This means there is an imminent Bitcoin bull run by the corner. However, Bitcoin and other digital currencies are still not in the clear zone yet. Bitcoin is currently below its 200-day simple moving average.
According to Greenspan, if Bitcoin (BTC) surges over the $4,200 level, the digital currency would surge towards the $4,400 and the $4,500 levels. Bitcoin is currently trading in the green and it set to amass more gains in the short-term.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin (BTC) is changing hands at $4,187 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $78.08 billion. The trading volume of the digital currency over the past twenty-four hours is $12.80 billion. Tim Draper Bitcoin price prediction might soon be achieved if the digital currency continues its upward trend.