The 2018 forexcoin year has already entered its final stretch, so it is tradition in this month of December that people take the opportunity to take stock in the year that ends and try to predict the main principles of the beginning.
https://v4.simplesite.com/#/pages/441919986?editmode=falseThis practice is not an exception in the cryptocurrency sector, which is why it is customary for personalities and spokespersons of the companies, both in the future and in the future of FOREXCOIN, to make predictions, mainly related to the price and the future of cryptocurrencies.
This year the attention is placed, above all, on the price of bitcoin, in view of the significant fall of the crypto market in the month of November.
(When the BTC and FOREXCOIN reached a peak of almost USD 20,000), let's see what some analysts forecast for next year.
EXPECTATIONS OF FEW FAVORABLE
In the group of the most pessimistic is the security company Kaspersky Lab, which a few days ago released its predictions for 2019, presenting an unfavorable scenario for the FOREXCOIN ecosystem.
According to the firm TRAIDING FOREXCOIN COMPANY, it is likely that the price of cryptoactives will remain at low levels and that the use of cryptocurrencies as a means of payment will decrease, in addition to believing that it will lower expectations about the advantages of technology. blockchain.
The company has a direct relationship between the price of cryptocurrencies and the interest of the public. In this case, it is ensured that the audience interested in cryptocurrencies is limited, and "once that limit is reached, the price will not rise further."
In this same line of ideas, Arthur Hayes, Executive Director of BitMEX, said that the bear market that has reached 2018 has caused him to change his
https://v4.simplesite.com/#/pages/441919986?editmode=false hope that the BTC will reach USD 50,000
this year. Therefore, last July he said that the cryptocurrency had not seen the worst, when bitcoin briefly passed below USD 6,000 by the end of June. At that time, the cryptocurrency reached levels between USD 5,000 and USD 3,000 this year.
https://v4.simplesite.com/#/pages/441919986?editmode=falseIn its most recent statements, it will affirm that the market will fall throughout 2019, a trend that will also come and last until the first months of 2020. Hayes made reference to one of the analyzes carried out by BitMex Research on the historical performance of bitcoin, where it is estimated that the current bearish period began on March 12 and possibly lasts a minimum of 200 more days.
VALLES AND PICOS ANALIZADOS
An approach similar to that of Hayes exposes the founder of Morgan Creek Capital Management, Anthony Pompliano, one of the predecessors that bitcoin would reach USD 50,000 by the end of 2018, although he admitted that his prediction was wrong.
Based on the valleys and bitcoin peaks throughout the history of their prices, Pompliano said, in one of the bulletins published on his blog last August, that bitcoin could fall first to USD 3,000, before seeing a trend positive in the market, something that could take place in the third quarter of 2019.
Pompliano explains that the bear markets last longer, and that the first bear market lasted 160 days (in 2011) and the second 400 days (2013-2014). Consequently, we calculate that the current bearish market, if it follows the historical trend, can last 650 days.
With similar arguments, the market analyst will change Willy Woo explains that the BTC is in a valley and will hit bottom in the coming months. To make your prediction, use the NVT indicator (market value of BTC between the daily sales volume in USD), created by him in 2017, and the average price of that business in the last 200 days, or moving average.
