Will it move up - price prediction 2019

in crypto •  6 years ago 

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Todd Gordon, the founder of TradingAnalysis, made a forecast in the CNBC Stock Draft program that Bitcoin will go slightly below $4k before there is a rebound that will cost more than $ 10,000 at the beginning of 2019.

According to Gordon, the current correction can be described as "inconsequential", due to the continuously rising price of this cryptocurrency since 2015. Todd Gordon also explained that the crypto market is "very rigid", and that taking into account all the technical aspects and market sentiments, we can cover losses in the near future.

Over the last few months, another well-known Wall Street analyst, Spencer Bogart, also predicted that the market's leading cryptocurrency would exceed $ 10,000 by the end of the year. In addition, he said that a deeper regulation of the market would ensure its future, statements that divided the opinion of investors.

These words, despite the great reputation of Todd Gordon, have not affected the entire market of cryptocurrencies, which remains in a depressed situation for a year by the moment.

And, as in the case of any prediction about speculative investments, we are faced with vain, very far-reaching predictions. The famous American proverb "if you're so smart, how come you're not rich?" Comes here painted. There are so many variables and interests at stake that any prediction is like pretending to phone the Magi knowing they are the parents. But that does not discourage crypto-pheromones.

The last, but not least question as regards these eyeglasses to the crystal ball of the new cyberbroker is, of course, how much will be worth in 2019? Well, some say it will be 10,000 USD, other that it will be 36,000 USD, and other that it will stay the same. I suppose that some may be right. Pure statistics. The fact is that everyone else is wrong …

But they are not the only ones who dare with long-term predictions, perhaps with the confidence that supposes that no one remembers by then.

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