Bitcoin
BTC$19 030.21

-0.32%

Ethereum
ETH$1 326.48

0.13%

Tether
USDT$1.000084

0%

USD Coin
USDC$0.999981

-0.01%

Binance Coin
BNB$276.61

-2.41%

XRP
XRP$0.486640

-3.42%

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 82% 28 $19 030.21 -0.32% -5.10% $364 618 489 584 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 56 $1 326.48 0.13% -8.81% $162 515 564 561 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000084 0% 0% $67 960 431 405 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999981 -0.01% -0.01% $49 713 550 202 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 85.2% 17 $276.61 -2.41% -0.50% $44 627 031 173 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 64.8% 72 $0.486640 -3.42% 30.75% $24 258 385 474 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000205 0.02% 0.07% $20 521 449 661 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82% 32 $0.454931 -1.45% -5.80% $15 571 509 175 ADA 7 days price change
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14 Polygon (MATIC) MATIC Polygon predictions 73.2% 54 $0.761561 -1.51% -7.49% $6 651 718 356 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 74.4% 42 $0.000011 1.38% -3.89% $6 272 885 542 SHIB 7 days price change

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