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Author Topic: Will the price of Bitcoin rise by the end of this year on current time?  (Read 859 times)
BartS
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November 27, 2019, 03:04:29 AM
 #81

I see that today the price of bitcoin has fallen, according to CoinMarketCap, to 7642 dollars. The whole cryptocurrency blushed behind it. I can’t even say what a fall means when a little more than a month is left before the end of the year. Nowadays, cryptocurrency market prices are being manipulated very often. Therefore, it is possible that this fall will be followed by its rapid increase in price. Or maybe there will be no growth. In any case, it is not very pleasant to see the Bitcoin price drop by the end of the year. We still hope for its growth in the near future.
many people say that the current price decline is the usual decline at the end of the year. however, at the moment the price of bitcoin is at $ 7100, and there is a high possibility of a decline and reaching the level of $ 6k. although this is not the end of the year, but it seems we cannot see the increase we expect this year. but, I just hope the price really doesn't fall to $ 6k.
For a time the price of bitcoin went below 7000 as you feared but there was enough buying pressure coming from the bulls to make the price to recover almost immediately.

But I'm worried if investors begin to worry about the price going lower than its current levels it is quite possible that we'll begin to see them getting out of the market and this could generate panic which will in return make this a self-fulfilling prophecy and I'm sure we do not want the price of bitcoin to go even lower than what it is right now.
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November 27, 2019, 03:21:11 AM
 #82

~snip~


It is extremely difficult to predict the price of how much you can get, and for this year, although they can be taken into account:

1.-Volume of the DeepWeb increases, generating demand and possibly there is an increase in the price of Bitcoin.

2.- New Investors are entering the market and are moving the market, Bakkt.

3.- The Shorts they have made, possibly to find the cheapest purchases taking advantage of the FUD from China and some bad news there.

If we take into account that the market is often moved by emotions, this may happen, in fact it is happening, although the next ATH may happen by the next year 2020 due to the large crypto participation that will be integrated, even including stable controversies so controversial ... but giving a price in a given time is like trying to predict the weather.

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