Bitcoin
BTC$65 236.35

3.83%

Ethereum
ETH$3 483.12

3.19%

Tether
USDT$1.000616

0.04%

Binance Coin
BNB$579.07

3.20%

Solana
SOL$162.09

5.20%

XRP
XRP$0.615935

14.09%

Bitcoin Prediction: BTC is about to drop


March 2019

Bitcoin Prediction: BTC is about to drop, but only after a strong surge


In the last several days, Bitcoin has seen a rally that included most of the crypto market. However, the surge has passed, and the price is not back to the 38.2% Fib retracement level. While this was also expected from the coin known for large volatility, it is anticipated that an even bigger drop is about to follow.

However, before this drop arrives, analysts seem to believe that BTC will spike towards $4,200, potentially even breaching this level. After that, the predicted major drop is expected to follow, and likely knock Bitcoin's price back down towards $3,000 in the following weeks. The drop is expected not to occur without the surge, meaning that it might not even happen if something disrupts the market's natural flow.

Further short-term rallies still remain a possibility in the near future, while the end of the week will show what path will Bitcoin take from now on. Analysts predict that the correction following the large surge will arrive almost immediately afterward, possibly even at the beginning of the following week.

Bitcoin is currently in a serious lack of cash flow, one which would allow it to start growing permanently once more. It is believed that most investors will not turn bullish unless BTC reaches a certain price, and that price is believed to be $6,000. Turning the investors bearish seems to be a much easier thing to do, as all it takes is for BTC to break several supports and spiral back down closer to $3,000.

Meanwhile, there are also many who believe that Bitcoin may have bottomed. However, this is unlikely, and with each passing day, it becomes more and more apparent that the further drop is a much greater possibility than another growth. Even if the predicted surge does arrive, it will be followed by a nosedive.

Even so, analysts also do not believe that it is time for shorting either, as the predicted drop will be the result of BTC running into a strong resistance. If another rally follows the drop, it is more than possible that BTC might once again reach, or even breach the $4,000 mark. Meanwhile, there are theoretical strategies that may result in BTC being brought up to $6,000 mark, although it is unlikely that such a large growth can be predicted or manipulated within any short time period.

Summary


For now, it appears that a highly volatile period may be in store for Bitcoin in the near future, one which will start with a large surge that will allow BTC to break a resistance that was blocking its way since mid-February. However, if the surge does arrive, it will almost certainly be immediately followed by a massive drop, one which will likely hit the entire market, considering how closely other coins follow Bitcoin's lead.

But, as this drop will only be a correction caused by the rejection, BTC is expected to once again come back up and potentially settle near or above the $4,000 mark.


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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 74.8% 44 $65 236.35 3.83% 11.07% $1 286 904 144 589 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76.4% 50 $3 483.12 3.19% 12.82% $418 745 103 273 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000616 0.04% 0.05% $113 294 326 133 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76% 43 $579.07 3.20% 11.00% $85 460 275 696 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80.8% 36 $162.09 5.20% 12.68% $75 238 706 990 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 77.2% 41 $0.615935 14.09% 40.49% $34 372 438 638 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000157 0.03% 0.01% $33 991 611 940 USDC 7 days price change
8 Toncoin (TON) TON Toncoin predictions 88.4% 14 $7.27 -1.31% -1.07% $18 273 152 177 TON 7 days price change
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11 TRON (TRX) TRX TRON predictions 74.8% 44 $0.134539 0.93% 3.58% $11 719 593 309 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.8% 36 $0.000019 3.17% 15.78% $11 356 605 188 SHIB 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 78% 42 $28.72 6.68% 7.40% $11 336 759 087 AVAX 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 92% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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