June 22 The #TrandingAnalysis co-founder #ToddGordon predicted in the #CNBC Stock Draft, that by the end of 2019, Bitcoin will see a $ 4,000 decrease and rebound to over $ 10,000..
According to #Gordon, #Bitcoin falls below $ 5,000, and will then reach $ 10,000 by the end of the year, the main reason being the significant fluctuations in the #CryptoCurrency market..
Gordon continued to talk about the so-called "uptrend" trend about digital currency, and the recent drop in the $ 19,000 mark has become unimaginable since Bitcoin has already achieved good value since 2015..
The analyst pointed out that the price range of the market is, on average, 17%, and this is one of the lowest reductions that Bitcoin has witnessed to date:
It has already come as Bitcoin falls in weeks 20, 30, or even 40%, so if this week my Bitcoin property is down by 30% it's not a problem, and maybe my problem will be resolved in the next two weeks..
According to the analyst, the technical principles influence the fluctuations of the CryptoCurrency market, and these fluctuations are not a concern for investors. Because, given the technical dimensions and feelings of the market, there is a possibility of compensation in the near future..
It is also visible on the site (TrandingAnalysis.com); market analysis and business strategies are visible..
Gordon has also made forecasts of other markets, such as crude oil. In November of 2015, the crude oil trading rate was $ 41,000. At that time, he predicted that crude oil would fall by about 50 percent to $ 26 a barrel. The forecast was somewhat correct in February next year, with crude oil reaching $ 26.05..
In early June, the Trefis analytical firm estimated the bottom-end bitcoin 12,500, which was $ 2,500 lower than its predecessor..
Basically, the company's forecast and analysis are based on the principles of supply and demand in the market. (Demand actually includes the number of users and transactions, on the other hand, the supply refers to the number of bitcoins on the network)
By the end of this year, #Bitcoin (leader of the #CryptoCurrency table) will be trading at an estimated $ 10,000. He said deep institutionalization in the long run would have a positive impact on the security of CryptoCurrency..
