The digital currency market is currently buzzing at the moment. With almost all coins in the green, some digital currencies are testing new all-time highs, while some are testing new yearly highs. The price of Bitcoin (BTC) is currently on the breakout. At the press time, the price of Bitcoin (BTC) is just $200 away from the $11k mark. This is the highest level the digital currency has tested since late 2018. Earlier this year, Tom Lee gave a bullish Bitcoin price prediction. He said that the price of Bitcoin (BTC) will hit the $10k before the end of this year.
Bitcoin (BTC) Price Today – BTC / USD
When Lee gave that prediction, the price of Bitcoin (BTC) was struggling around the $3k level. Sometime last year, Tom gave a prediction about Bitcoin. Tom Lee Bitcoin price prediction 2018 was $25k. However, the digital currency never got close that level and it ended the year under the $5k level. As a result of that, Lee curtailed his prediction for Bitcoin this year to $10k. However, he said that the price of Bitcoin (BTC) will still hit the $25k level in the future. No one saw this coming, it is just six months into the year, and the price of Bitcoin (BTC) has already pasted Tom Lee Bitcoin price prediction 2019 of $10k.
Cryptocurrency Market Update: Massive Bitcoin (BTC) Rally Just Started, Says Top Crypto Analysts – Bitcoin Price Prediction 2019 – BTC Price Forecast
As the price of Bitcoin (BTC) surged past the $10 mark, many digital currency analysts are out with more bullish Bitcoin price prediction 2019. According to one crypto analyst – Josh Rager – the massive surge in BTC USD price signifies a renewed Bitcoin bull run which is likely to push the price of Bitcoin over the $60k. After analyzing the past market cycles of Bitcoin, Rager said that if history repeats itself, the price of Bitcoin (BTC) would end up over the $78k by the end of 2022.
Another digital currency analyst on Twitter that goes by the name Redxbt said that the price of Bitcoin will surge by 87 percent from here. If his Bitcoin price prediction comes to pass, the price of Bitcoin (BTC) would be around $18k. He gave this prediction to his 20k followers using the Wyckoff Market Cycle to analyze the digital currency.
Ethereum (ETH) Tests A New Year-to-Date High – Ethereum Price Prediction 2019 – Ethereum News today
Bitcoin (BTC) is not the digital currency enjoying these massive gains. The bulls seem to have established their presence firmly and the majority of the coins in the market are responding positively. Ethereum (ETH) just broke over a major resistance level – our short-term Ethereum price prediction. The price of Ethereum is up by more than 8 percent over the past day, bringing ETH USD live price to $307 at the time of writing.
XRP (XRP) – the third largest digital currency by market cap – is also on the rise. XRP USD price just broke over a key resistance level also. XRP has been hovering around the 43 cents level over the past few days. Thanks to the current crypto bull run, XRP USD price just broke over the 45 cents mark after an increase of more than four percent over the past day. XRP is now heading for our short-term XRP prediction of 50 cents.