Few people predicted that by 2018 the fall would reach $ 3,000. In fact, most of the forecasts have passed away from the price that Bitcoin reached at the end of 2018. But for us who follow the movement of the market, for investors and especially for traders, it is worth at least hearing what the experts are thinking. And it goes that this year they can even get it right!
Bitcoin price forecast
Experts forecast for December 2018
Before we start to see the forecasts for the end of 2019, let's first see who came closer to fixing the price of Bitcoin at the end of 2018.
Based on a report by Finder that compared the forecasts of several experts, the Australian Craig Cobb (TraderCobb) was one of the most accurate.
Together with Miko Matsumara, the founder of Evercoin, he predicted that Bitcoin would be valued at $ 4,000 by January 1, 2019. They did not get it right, but it got closer because the Bitcoin price at the end of December was valued at more or less $ 3,800.
Bitcoin price forecasts on February 1, 2019
But what about the next month? Well, the experts analyzed by Finder have some different opinions. Let's take a look:
Craig Cobb: $ 4,000. Jimmy Song (Blockchain Capital): US $ 2,103.Fred Schebesta (Finder and Hiveex.com): US $ 2.160Ben Ritchie (Digital Capital Management: US $ 4800Joe Raczynski (joetechnologist.com): US $ 3,500Alisa Gus (WISHKNISH) : US $ 4,400
Bitcoin price forecasts for the end of 2019
In a long-term perspective the forecasts are a little more positive, with all the experts expecting Bitcoin to be worth more at the end of the year than at the end of that month:
Jimmy Song: US $ 6,473Fred Schebesta: US $ 2,760Ben Ritchie: US $ 9,500Joe Raczynski: US $ 8,000Alisa Gus: US $ 8,000
Justifications
Ben Ritchie of Digital Capital Management believes that market capitalization has found support in 2018, but some issues remain.
"Two things must be observed in 2019, if we are going to see a deviation in the price of crypto-coins, since to date they have presented similar trends," Ritchie told the Finder. "The second is the impact of traditional markets on crypto-coins. Will Bitcoin increase if the S & P falls?
"Access to crypto-coins will improve in 2019 with the entry of the Bakkt and Fidelity Group. "However, I do not believe we will initially see many institutional investors entering the crypto-currencies."
Craig Cobb says it's a tough time to look at the crystal ball and try to predict any price movement.
"Difficult to say now, with a weekly chart down and the daily just moving sideways," said Cobb. "January will probably be interesting, but still a bit slow."
Joe Raczynski, from joetechnologist.com, believes we are entering a new period for Bitcoin.
"I think in particular some other hedge funds and other institutions will continue to invest during this lower period. "However, I believe this is temporary. If there are drastic changes with the economy (the expectation is slightly more likely there is a yes than one), Bitcoin will be a safe haven.
"I feel that the economy will begin to change in 2019. And that, in part, will help the BTC to grow."
Jimmy Song, a well-known Bitcoin enthusiast, told the Finder that it's all a guessing game.
"They are more or less random numbers. Hard to predict without knowing what news came tomorrow and then, "Song said.
The final verdict ...
After interviewing 11 panelists, Finder came up with several final predictions. Here they are:
Pricing for February 1, 2019: $ 3,494
