Bitcoin News Today – Bitcoin is currently on fire. The flagship cryptocurrency has been on the bull run over the last few weeks. Even if the price of Bitcoin has been on the rise since the beginning of the year, it hasn’t surged at this pace since it started. Last week, it moved above the psychological hurdle at $10,000 and since then it has been on fire. The fact that the price of Bitcoin has moved from $5,000 to $12,000 within less than two months is amazing. However, this is just the beginning. A more significant surge is coming and traders are getting prepared. The Bitcoin price prediction 2019 has never been this bullish. How high will the price of BTC go?
Bitcoin News Today – Bitcoin Price Prediction 2019 – Peter Brandt Predicts A Surge To $100,000
During the 2017/2018 Bitcoin bull run, the price of BTC moved almost as high as $20,000 within a short period. Around the same time, many traders and analysts predicted that the price of Bitcoin will continue surging upward throughout the year 2018. Peter Brandt, the 72 year old veteran trader with more than 45 years experience in trading, was the only one who predicted the cryptocurrency winter. At the time, he said that the price of Bitcoin and other cryptocurrencies would fall significantly after the parabolic bull run. It wasn’t until after the prices started to drop that other analysts saw that Brandt was right.
Now, Brandt has predicted that the next target for Bitcoin will be $100,000. He said that Bitcoin is experiencing its fourth parabolic bull run and it’s like nothing he has ever seen. Taking to Twitter, he said;
“Bitcoin takes aim at $100,000 target. [Bitcoin] is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”
In 2013, Bitcoin experienced a parabolic bull run that saw the price surge as high as $1000. In 2017, the parabolic bull run saw the price rise almost as high as $20,000. So, it’s not going to be a surprise if the price of the flagship cryptocurrency hits the predicted $100,000 mark.
Bitcoin News Today – Bitcoin Price Prediction 2019 – Bitcoin Price Analysis – Current Price Of Bitcoin (BTC) – Why Is Bitcoin Rising?
Right now, the price of Bitcoin is rising due to a combination of factors, all of which have caused an increase in the interest individuals have in Bitcoin and the cryptocurrency space in general. Leading tech giants like Facebook, and Apple have recently indicated interest in cryptocurrencies. Last week, Facebook released a white paper for its Libra token. If these companies are willing to bet on cryptocurrencies, who shouldn’t? Apart from this, the dollar trade is going to become weak because the United States Reserve Bank recently announced that it would be reducing rates in a bid to stabilize the economy. This is another possible factor that has contributed to an increased interest in Bitcoin.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, the price of Bitcoin was still surging at $12,587.87. This means that it is up by 11.13% against the USD. The trading volume over a 24 hour period is $32,240,870,241 and the market capitalization is $223,830,699,199. This is the first time the market capitalization for BTC is crossing $200 billion since January 2018.
What do you think about the Bitcoin price prediction 2019 in our Bitcoin news today? Will the price of BTC cross $100,000? Share your thoughts in the comment section below.