Bitcoin
BTC$63 645.44

-1.99%

Ethereum
ETH$4 139.22

-1.75%

Binance Coin
BNB$494.18

2.27%

Cardano
ADA$2.19

-2.26%

Tether
USDT$1.000114

0.05%

Solana
SOL$208.99

12.31%

Bitcoin Bull Trend in 2019, Tom Lee


Crypto predictions: Bitcoin Bull Trend in 2019-Tom Lee


Tom Lee of FGA has made another prediction that Bitcoin price will move towards the upper side in 2019. We can recall that in 2018, Lee predicted that the high-ranking digital currency would trade at $25,000 at year end. During that time, his reasons were that many market factors turned to favor the cryptocurrency. This year, he expects that the institutional side of the coin will facilitate a bull trend in 2019.

Positive Market Indicators to drive Bitcoin price


The co-founder of Fundstrat did not make his predictions without presenting facts to support it. According to him, some of the market indicators that will push Bitcoin price includes weak dollar amongst others.  In his analysis, Lee pointed out that some technical indicators are already stabilizing as the year continues. Also, he mentioned important macroeconomic trends as contributory factors to facilitate Bitcoin price movements.

Summer 2019 for Bitcoin Bull Market


We can recall that Lee is not new in predicting BTC trends. In his analysis, August 2019 is a month to remember as it could be the beginning of the upward rise. By that month according to Lee, Bitcoin has already crossed the 200-day MA. Especially if it maintains the price levels we see at this time around the region of $4,000.

Lee also believes that Bitcoin will recover from the price capitulation of November 2018 after crossing the 200-day moving average. Recall that last year, the fall of the coin from $6,000 down to $3,000 was as a result of panic. Bitcoin Cash hard fork caused uncertainty amongst investors, and the cryptocurrency plunged downward.

However, the Fundstrat Co-founder believes that the cryptocurrency will undo the damages and gain by summer 2019. Early this year also, TRON CEO, Justin Sun predicted the trend for Bitcoin. He stated that the digital coin would run a tight trend between the prices of $3,000 & $5,000.

Institutional Developments Influence Bitcoin predictions.


While Lee was speaking during his Interview, he mentioned some of the developments that will facilitate the Bull trend for Bitcoin. He listed future occurrences in the institution such as Bakkt potential exchange and Fidelity digital custody launching, etc.

Well, Lee has his facts right. Blockonomi reported that Fidelity would launch cryptocurrency custody in March this year. Also, Bakkt will follow suit with their physically-backed BTC futures trading contracts.  Further, many mainstream investors have started adopting cryptocurrencies especially Bitcoin. Also, the crypto top leader is recording successful OTC and P2P in large volumes around in many countries. 

How the Prediction will affect Altcoins


The crypto community believes that if the forecast becomes a reality, other alternative coins would also feel the impact. Presently, other Analysts are pointing out the behaviours of altcoins recently. According to Mati Greenspan who works at eToro, these coins have started recording remarkable changes in their price performance recently.

Also, many people are already searching the word “altcoins” on Google. Coinmarketcap data reveals that many of these alternative cryptocurrencies are moving positively in recent times. The data points out that some coins such as Bitcoin Cash, Ethereum and Litecoin are leading in positive price gain. Another altcoin to mention is the Binance Coin (BNB). For three months past, the coin has increased to $15.  


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 82 $63 645.44 -1.99% 7.33% $1 199 774 552 258 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 59 $4 139.22 -1.75% 9.78% $488 553 235 728 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 64 $494.18 2.27% 7.35% $82 429 849 478 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 90% 12 $2.19 -2.26% 1.61% $72 047 004 298 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000114 0.05% -0.02% $69 621 041 076 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 71.2% 53 $208.99 12.31% 31.86% $62 869 603 263 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76.4% 50 $1.11 -2.14% -0.86% $51 997 973 203 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.8% 76 $45.63 4.21% 15.04% $45 063 591 577 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 57 $0.246272 -2.25% 8.04% $32 458 768 640 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000179 0.05% 0% $32 371 720 899 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 68% 63 $44.81 8.47% 21.75% $17 994 078 265 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 55 $26.75 -0.32% 4.19% $16 363 172 636 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 68% 64 $65.76 6.17% 19.69% $14 486 666 348 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 61.2% 82 $63 639.39 -2.08% 7.19% $14 070 224 774 WBTC 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 69.6% 56 $199.17 -2.89% 10.96% $13 703 410 012 LTC 7 days price change

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