Bitcoin price prediction rally has started after when Bitcoin has crossed all the major resistance in the first half of 2019 even after suffering from a long bear market of 2019. Now bitcoin has entered into the bull cycle by making highs above $9,000 for the first time in 2019.
Most of the experts and analysts predict that the bull cycle is just started now and the bitcoin rate will continue to rise towards $20,000.
1 Tom Lee
Fundstrat head analyst and known as Bitcoin bull is one of the most optimists in the Bitcoin space said that Bitcoin will trade above $10,000 in 2019 at some time. According to Tom Lee, the fair value of Bitcoin is around $14,000 as per the mining cost.
The founder of Fundstrat, a leading research firm and an ardent believer of Bitcoin has shown confidence in the ongoing bull rally. According to Lee, Bitcoin is steadily approaching the point of no return. The data from his firm, suggests that once BTC/USD hits $10,000 it will trigger its full-blown FOMO currently labeled as ‘Level 10’ FOMO; which represents the same value that has marked the beginning of Bitcoin parabolic move in the past.
– Tom Lee Fundstrat head analyst
2 Wences Casares
The CEO of Xapo, Wences Casares who also sits on the PayPal Board recently said that Bitcoin may increase by 250X in the next few years.
3 Michael Novogratz
The founder and CEO of Galaxy Digital recently predicted that Bitcoin is going to consolidate its recent gains between $7,000 and $10,000. He also adds that the momentum of bitcoin could push its price to higher levels. Novogratz believes that mainstream adoption is the most important thing that giving power to the current bull cycle. Developments in the crypto space and the entrances of the big tech firms in this space are helping to validate Bitcoin and cryptocurrencies.
On a go-forward basis, Bitcoin probably consolidates somewhere between $7,000 and $10,000. You know, trees don’t grow to the sky,” the chief executive officer of Galaxy Digital Holdings Ltd., said on a conference call Thursday discussing the company’s first-quarter financial results. “If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through
– The founder and CEO of Galaxy Digital, Michael Novogratz
4 Arthur Hayes
The co-founder and the CEO of BitMEX ( Bitcoin margin trading exchange ) predicted in March that Bitcoin will touch $10,000 before the end of 2019. According to him, the bull rally will continue to go forward until the fourth quarter of 2019.
The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. […] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000
– co-founder and the CEO of BitMEX, Arthur Hayes
5 Andy Cheung
The head of operations at OKEx cryptocurrency exchange recently said that Bitcoin will hit the price of $20,000 which is simply a conservative prediction.
$20,000 is a conservative prediction for Bitcoin price in 2019, as I said last year,” he added “The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect starts to take place. We are thrilled to witness such bullish trend and I look forward to a new high the Bitcoin deserves. Bitcoin is not just a coin, but a spirit that hinders the crypto-industry
– head of operations at OKEx, Andy Cheung
