This week has been a remarkable one in the digital currency space. No digital asset investor will forget the sudden, unexpected crypto bull run this week. We have seen an array of Bitcoin price prediction 2019 from top analysts and experts. However, no one saw the next crypto bull run coming. Bitcoin price surged enormously and broke over several resistance levels in a matter of hours. The crypto bull run was contagious as a Bitcoin bull run was not the only outcome. Almost all the coins in the market were affected by the massive Bitcoin price recovery.
One of the highest gainers in the market so far is Bitcoin Cash. Bitcoin Cash price is soaring on eagle’s wings. Bitcoin Cash price is now comfortably over the $300 level. Another resilient digital currency in the space is Bitcoin Cash SV. Bitcoin Cash SV price is also soaring high, and it looks set to test new highs. Digital asset investors and traders are very excited about the massive gains. Some of them are scouting for the best cryptocurrency to invest in 2019. Whereas, some digital asset investors are already exploring the best cryptocurrency to invest in 2019. Will crypto ever recover? The trigger of the next crypto bull and the bullish Bitcoin price prediction 2019 suggests the crypto market recover. However, this might take some time.
Bitcoin Price Rallied Close to $11k against StableUSD at Binance
Many were surprised by the sharp Bitcoin price surge. No one expected the next crypto bull run so soon. Bitcoin price surged from around the $4,100 level to over $5,000 in a matter of hours. On Binance, the digital currency even traded over the $10K level for a brief moment. Bitcoin (BTC) traded at $10,999 against StableUSD (USDS) on Binance. Binance is one of the leading and most popular digital currency trading platform in the world.
A fiat-backed asset – Stably Inc. – created StableUSD. Many digital asset investors and traders said that the massive Bitcoin price surge on Binance could be a glimpse into the future of the digital currency. The last time Bitcoin price tested the $10k level was on the 7th of March last year. However, the digital currency didn’t hold that level for long. After failing to surge higher, it broke below the $6k support level. Bitcoin (BTC) plunged below that level, which ultimately led to this level.
Bitcoin Price Prediction 2019
According to some analysts, Bitcoin price may hit the $20k level again in March 2021. While this is a long-term Bitcoin prediction, Tom Lee Bitcoin price prediction proposes $10k for Bitcoin before the end of this year. At the present value, hitting the $10k mark would be a 100 percent increase. With more support from investors and regulators, the crypto market will continue to surge. The next crypto bull run might see the value of Bitcoin (BTC) over the $6k level, which would pave the way for more gains towards the $7k and $8k levels.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing Bitcoin is trading at $5,105 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $88.07 billion. The trading volume of Bitcoin (BTC) over the past twenty-four hours is $27.17 billion.