The rise in prices for the bitcoin market (BTC) has been analyzed by analysts and investors, some of which have offered their predictions about this upward movement in the price of the digital currency pioneer They offer their impressions of what could be the new price for Bitcoin in the remainder of 2019 and beyond.
In this article we offer you the predictions about Bitcoin's price from four analysts: Michael Novogratz, Anthony Pompiliano, Naeem Aslam and Alex Kruger.
Novogratz: stability between USD10 thousand and 14 thousand
The CEO of Galaxy Digital Holdings has assured that part of the boost that had the bitcoin price has to do with the announcement of Pound, the digital currency of Facebook. "One of the largest companies in the world said that we believe in digital currency," he argued during his participation on June 27 at the Squawk Box of the American news channel, CNBC.
If you are an institutional investor that is approaching and is still worried about investing, this makes you much more secure.
Michael Novogratz, CEO, Galaxy Digital Holdings
In addition, Novogratz also referred to the growth in the volume of exchange of bitcoins in the Asian market, with special emphasis on China and its direct impact on the upward recovery. "A lot of the volumes of what is happening in Bitcoin and other currencies is coming out of Asia," he said.
With this in mind, the Galaxy Digital executive forecast that The price of BTC will fluctuate between USD 10 thousand and 14 thousand for the remainder of the year.
On route to USD100,000?
In the midst of market growth during the second quarter of 2019, Morgan Greek co-founder Anthony Pompiliano marked December 31, 2021 as the deadline because the price of bitcoin reaches USD 100 thousand. This executive had already done before correct predictions, when it indicated in August of 2018 when the BTC price was in USD 6,770, which bitcoin was going to fall to USD3,000, before rising to higher values.
"This prediction of a 50% fall in the bitcoin price, was received with a lot of skepticism, but it turned out to be accurate. Bitcoin came to fall below USD 3,200 in December 2018, before recovering and firing over a USD10,000 price, "Pompiliano said in a post on his blog, Off the Chain.
After remembering this event last year, the executive confirmed his position: Bitcoin will have a price of USD 100 thousand before the end of 2021, "My level of current confidence that happens is around 70-75%," he stressed.
Two analysts in the digital currency market that predicted the possibility of Bitcoin's price of USD 100 thousand was Russia's renowned Russian journalist and analyst Today, Max Keizer and market analyst at ThinkMarkets, Naeem Aslam.
According to Aslam, the next bullish trend will take Bitcoin to this price, as long as the highest prices already reached (USD 20 thousand) are exceeded and it will stabilize above USD 50 thousand, so that the price of # USD 100 thousand could be achieved and may be overcome.
"I think it is very likely that in the long run, the next bullish race should be above the range of USD 60,000 to USD 100,000," Aslam said during an interview, although without stating a period of time for to that. In previous days, the analyst stated that the price of each bitcoin would soon exceed USD 11 thousand, which happened shortly after.
Keizer, who has been extremely proud of Bitcoin and his growth, also supported this theory. Keizer further maintains that bitcoin will outperform all other investment markets over the next 15 years, which is why millennia are going through investing in traditional assets, to penetrate bitcoins and other currencies digital
Alex Kruger: Traders should not be taken from FOMO
The Argentine-born analyst, Alex Kruger, assured many people that they consulted about their position in the midst of the rise of Bitcoin. The analyst will save forecasts for the bitcoin price in 2019, but it did offer advice to investors: traders should not follow the investment strategy of others, affirm through your account in the social network Twitter.
This is especially relevant when it comes to specialized and experienced merchants, since their movements are faster than those of a common trader. Traders should ensure that they are not taken from the FOMO (Fear Of Missing Out Signs), that is, they should not be afraid to stay out of the bullish rally and buy bitcoin in a hurried manner.
Many ask me if I am buying. Although it should not be imported. As a general rule, a trader should not follow others. The following is a great way to get strong losses (REKT). Especially following experienced marketers who move quickly. Develop your own method, keep yourself.
Alex Kruger, investor and analyst at Bitcoin
In this regard, Kruger said that when buying is when prices hit a well-identified bullish trend, or when prices increase after consolidation at key levels. As you have said, this type of strategies implies an important level of aggressiveness, to make quick gains, taking advantage of the highest price levels.
nowadays Each bitcoin is priced at USD 11,278, With a dominance of 62.7% compared to the rest of the digital currency of the market. It currently has a USD40531888247 exchange volume, and a market capitalization of USD200722.507.251. Between the end of May and the beginning of June 2019 the digital currency appreciated 29%, going from USD 8,753 on May 27 to more than 11,200 today. These bitcoin price predictions assume that there will be a continuity of current bullish behavior