Bitcoin Gains $5 Billion In Market Cap Within Few Minutes But This Is Just The Beginning, A Parabolic Bull Run Is Imminent, How High Will Bitcoin Go?

Bitcoin News Today – Almost throughout last week, the price of the flagship cryptocurrency, Bitcoin, was trading in red against the USD. As expected, the altcoin market followed. The fall in price was so strong that BTC retested the $7500 level. This afternoon, however, about $5 billion in market capitalization entered into the Bitcoin market. Bitcoin was able to recover some of the recent loses and surge towards the $8000 level again. On BitStamp and some other exchanges, it sold as high as $8007. Some analysts have suggested that this come back is going to lead Bitcoin to a parabolic bull run which would take the price higher than it has reached this year. How high will Bitcoin go? 

Bitcoin News Today – Bitcoin Price Prediction 2019 – Bitcoin Recovers With Full Force

Even if Bitcoin spent almost the whole of last week trading in red, analysts are not worried because contrary to last year, Bitcoin has been able to maintain an uptrend throughout the year recovering a significant portion of its crypto winter losses. To put things into perspective, Bitcoin traded at $3700 in the beginning of the year. After surviving the sideways trend for a few weeks, it started surging significantly against the USD retesting the $6000 level for the first time since November 2018. It is up by more than 140% within January and now so don’t let a little red discourage you. In fact, such price corrections usually come before a significant bull run.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$11,694.67
1.44%

Right now, it’s not clear why the price of Bitcoin suddenly recovered and gainined $5 billion in capitalization. Members of the Bitcoin community have been trying to figure out why the flagship cryptocurrency suddenly started gaining. However, there is no single catalyst that is responsible for the Bitcoin bull run. Since the beginning of the year, almost every Bitcoin news has been positive and has been about the good developments in the space. The rise in the price of Bitcoin was probably a continuation of the last bull run.

Bitcoin News Today – Bitcoin Price Prediction 2019 – Current Price Of Bitcoin – How High Will Bitcoin Go?

At the time of writing, the price of Bitcoin was $7,957.37. This means that it is up by 2.93% against the USD. The trading volume over a 24 is $18,783,897,510 and the market capitalization is $141,257,922,368. There is a high chance that Bitcoin will cross the $8000 mark before the end of trading today. Before the end of the week, if the bull run continues, Bitcoin will rise as high as $10000 near-term.

There have been many Bitcoin price prediction 2019. Some have said that the price of Bitcoin will rise to $25,000 while some others have predicted even higher highs like $100,000. The Bitcoin price prediction 2019 is bullish so it’s not too late to get into the Bitcoin market as high highs are coming soon.

What do you think about the Bitcoin price prediction 2019 in our Bitcoin news today? Will the price of Bitcoin surge against the USD near-term or will it fall? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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