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Will Bitcoin prices see a new surge in 2019

Date:2024-07-18 19:28:48 Channel:Wallet Read:

In the past few years, Bitcoin has been the focus of the cryptocurrency market. With the dramatic fluctuations in Bitcoin prices in 2018, people have paid great attention to the trend of Bitcoin prices in 2019. Whether there will be a new round of surge has become a hotly discussed topic among many investors and market analysts. This article will explore the possible trend of Bitcoin prices in 2019 from multiple perspectives, revealing the risks and opportunities.

With the continuous development of the cryptocurrency market, Bitcoin, as a leader, has a direct impact on the trend of the entire market. In 2018, Bitcoin prices experienced waves of ups and downs, which made investors suffer. However, it is this drastic price fluctuation that has also laid the groundwork for the trend in 2019. Market analysts generally believe that Bitcoin prices are expected to see a new round of surges in the coming year.

First of all, from the perspective of technical analysis, Bitcoin's price trend shows a certain regularity. Past data shows that Bitcoin prices have experienced short-term surges and plunges many times in history, but they will eventually return to a relatively stable level. This cyclical fluctuation allows investors to predict future price trends through technical analysis and seize investment opportunities.

Secondly, from the perspective of fundamental analysis, Bitcoin, as a global digital currency, has received more and more attention and recognition. With the widespread application of Bitcoin in the commercial field, its market demand continues to increase, which will directly drive the rise of Bitcoin prices. At the same time, as blockchain technology continues to mature and improve, Bitcoin, as a representative of blockchain, will have more and more room for future growth.

However, it is worth noting that Bitcoin, as a high-risk investment variety, has large price fluctuations, and investors need to be cautious. Past history has shown that the surge and plunge of Bitcoin prices is not without risk. Investors should reasonably allocate assets according to their own risk tolerance and investment goals, and avoid blindly following the trend.

In summary, it is more likely that Bitcoin prices will usher in a new round of surges in 2019, but while chasing profits, investors should also keep a clear head and do a good job of risk management. The Bitcoin market is full of opportunities and challenges. Only by constantly learning and accumulating experience can we remain invincible in this dynamic market. Let us wait and see, and witness the miracle of Bitcoin in the digital age!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Will the price of Bitcoin usher in a new round of skyrocketing in 2019? From the initial price of cabbage to more than 10,000 US dollars today, Bitcoin has experienced a sharp rise and fall in the past ten years. From the initial calculation, the current price can be said to have maintained a million-fold increase. Recently, Bitcoin has risen sharply again. Will the highlight moment that market investors are looking forward to come again? The existing market conditions, opinions, and events are analyzed and sorted out.

If the bull market in 2013 was driven by technical experts and dark webs, and the bull market in 2017 was triggered by the sudden incidents of speculative retail investors, then where did the sharp rise in 2019 come from?

According to the blockchain financing report released by PANews in the first half of 2019: 1. Exchanges are the type of projects with the most financing events. 2.
The types of projects worth paying attention to also include industry public chain projects, digital identity projects, comprehensive management of digital assets, and data services. 3.
Strategic investment, A round, and seed round are the three most common financing rounds, with 35, 23, and 21 respectively. 4. 80% of the financing projects have not issued coins, and 66.67% of the projects that have issued coins have broken the issue price. 5.
Investment institutions are more inclined to invest when the secondary market is not so "bull", but the secondary market has no effect on the investment amount.

It can be foreseen that the rise in 2019 is different from the retail investor drive in 2017. The secondary market has little impact on the amount of blockchain investment, and the development of the industry tends to be rational and perfect. At the same time, exchanges are still a frequent financing field. Even if the coin issuance projects perform poorly, exchanges as the flow and exit institutions of many currencies remain active. It can be foreseen that market liquidity tends to be stable and maintain good market expectations.

However, looking at the trend of the market, in addition to the well-known positive stimulus of the arrival of the Bitcoin halving news, what other factors can promote the changes in this year's market?

The large-scale entry of financial institutions

Analysts at ZB Research Institute believe that the entire cryptocurrency market is still in consolidation, and the subsequent rebound high may be between 12,000 and 13,000. Whether large funds actively enter the market is the dominant factor. BCB CEO believes that the growth in 2019 belongs to financial institutions, which are diversifying outdated portfolios and finally have professional mechanisms.

In the first half of 2019, the entire industry experienced a round of "bear-bull" conversion. With frequent hot spots, the crypto industry is still in an active period. It is believed that the attention of more large institutions will bring more technological development and market liquidity.

Regulatory attitude of open countries

According to the Wall Street Journal on July 6, the Internal Revenue Service is expected to update its cryptocurrency guidance in the coming weeks. In April this year, a bipartisan group of 20 members of Congress made this request. This is part of a broader effort to promote the development of the cryptocurrency industry. Congress is considering at least three bills to address some vague legal issues surrounding digital currencies.

It can be said that further regulation of the law is conducive to the complete development of the industry, and it is more conducive to more people understanding and contacting Bitcoin, and promoting the development of the crypto market within a reasonable and legal range.

Things are not easy to get better

The entry of large institutions and the improvement of supervision will not happen overnight. The huge gap between the turmoil of the bull market in 2017 and the silence of the bear market in 2018 still has "concerns" in the market. There is probably still a long way to go before the ideal bull market.

According to LongHash on July 4, the Bletchley 40 index shows that since April 1, small altcoins have fallen 54% relative to Bitcoin, and other categories of altcoins have not improved much.

The past three months have been quite difficult for the altcoin market, at least in terms of Bitcoin-denominated value. The Bletchley Ethereum Token Index fell 39% relative to Bitcoin, the Bletchley Top
40 Index fell 54% relative to Bitcoin, and the Bletchley Top
20 Index fell 34% relative to Bitcoin. Market voices once pointed out that Bitcoin's blood-sucking effect cannot bring prosperity to the overall crypto market.

It is undeniable that the development of the crypto industry has a long way to go, and the market's optimism will not last forever. A new survey conducted by Business
Insider shows that young people aged 13 to 21 have a generally negative attitude towards cryptocurrencies. About 52% of respondents said they would never buy, trade or invest in digital assets, while only 26% said they were considering buying, trading or investing in digital assets. The survey shows that many young people are worried that Bitcoin and cryptocurrencies will repeat the sharp price drop in 2018 in the coming months or years, and they believe that investment in crypto assets will fail in the long run. It is reported that a total of about 1,884 people were surveyed.

However, the current market trend gradually shows the attention of large institutions to the crypto market, and the release of Facebook's Libra brings more possibilities to the market. Although there are many difficulties ahead, the attempt has already begun.

Perhaps as Morgan Creek founder Anthony Pompliano said: Bitcoin is the realization of Nassim Nicholas
Taleb's black swan theory. It is a rare and unpredictable event with huge upside potential for those who are ready and seize the opportunity, which is also obvious in hindsight. Simply put, Bitcoin is a bet of a generation.

Furthermore, from a macroeconomic perspective, the monetary policies and economic situations of countries around the world will also have an important impact on Bitcoin prices. In some countries, due to factors such as inflation and political turmoil, investors' confidence in traditional assets has continued to decline, and they have turned to investing in cryptocurrencies such as Bitcoin, which has also provided strong support for the rise in Bitcoin prices.


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