Bitcoin (BTC) Price Prediction for 2019, 2020 and 2021: Why You Need Not Sell Now. - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Bitcoin (BTC) Price Prediction for 2019, 2020 and 2021: Why You Need Not Sell Now.

Bitcoin (BTC) Update: “Don’t Have Any Crypto Holdings” –Tesla CEO Elon Musk

Bitcoin

Bitcoin (BTC) Price Prediction for 2019, 2020 and 2021: Why You Need Not Sell Now.

Bitcoin (BTC) has been firm and strong throughout the 2018 bear market, although it has lost relatively 80% of its value since it attained its milestone in December 2017. Plummeting from it last year high value – $9,986 against US Dollar, Bitcoin has lost close to 60% of its value within a year to be valued $4,120.

Bitcoin has been receiving much adulation since its emergence in 2009 for its stability to compete with VISA as a global option. Bitcoin subsequently became the subject of scrutiny as its limited network space was made more obvious, this brought about the rise in transaction fees to almost $40 during the December glaringly obvious improvement.

The combination of Bitcoin’s improved blockchain capacity, experience and the release of Segregated Witness (SegWit) network upgrade that got activated on August 23, 2017 to checkmate the scrutiny, helped Bitcoin managed its competition with high throughout blockchain technologies in the space.

Bitcoin (BTC) experienced fewer drops during the bear market compared to other top ten cryptos. Therefore, Bitcoin (BTC) is indeed a formidable crypto, and it is expected to maintain its usual strength in this bear market which bottomed to around $4,000 in 2018.

Read: Tron (TRX) Price Analysis – Tron Finds Support at 100 Day Moving Average – Can The Bulls Keep Us Above?

Bitcoin (BTC) is well known as the most popular and the first cryptocurrency ever released. Invented by a mysterious figure which can only be decoded by its pseudonym, Satoshi Nakamoto. Bitcoin (BTC) was created to allow users transfer and store values without government interference or without requiring centralized institution like banks.

Basic Analysis of Bitcoin Price

Basically, Bitcoin shines brighter than most cryptos, since it’s the blockchain that has really proven itself among others and it’s the most widely accepted cryptocurrency by a glaringly obvious margin. Bitcoin (BTC) is also the base cryptocurrency to which all others are exchanged against, making it the most successful in terms acceptance.

Bitcoin was part of the first blockchains to implement a second layer solution, releasing the lightning network beta version early this year. The lightning network is regarded as the second half of the solution to scaling issues facing Bitcoin that were initially addressed with Segregated Witness (SegWit).

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Also Read: Respected Multi-Billionaire Entrepreneur Attacks Bitcoin (BTC)

Bitcoin’s development welcomes any skillful mind since it is an open source protocol. Over 350 developers are presently contributing to the growth of Bitcoin which is by far lower than about 10,000 working on Ethereum.

bitcoin

Technical Analysis of Bitcoin (BTC) Price Prediction

We are liable to conclude that year 2018 is relatively bad for cryptocurrencies, but Bitcoin still maintains its relative strength and popularity despite losing almost 80% of its market value.

Bitcoin (BTC) suffered a lot of losses in the space of a year as several BTC exchange (ETF) faced rejection from the U.S. Securities Exchange Commission as it negatively affected the BTC value significantly.

However, Bitcoin in 2018 drew more attention than ever. Its market dominance gradually increases throughout the year, with 50% for the last 3 months.

Read: Bitcoin (BTC) Update: “Don’t Have Any Crypto Holdings” –Tesla CEO Elon Musk

Bitcoin (BTC) Price in 5 years’ time

Since the inception of Bitcoin in 2009, we have witnessed the master of cryptocurrecies explode both in valuation and user interest. During this period, Bitcoin (BTC) has indeed experienced obvious fluctuations in price and value and has again risen to greater heights with each blow.

Competition is expected to increase in years to come as next generation blockchains are launched, which would shine where Bitcoin struggles while implementing some features that Bitcoin is not really designed for. Bitcoin will likely retain its supremacy as the most popular cryptocurrency in year 2020 and subsequent years, DApp-capable blockchains like Etheruem, Tron and EOS could also test an marketcap overthrow race, even though they won’t be able in the long run.

The competition obviously increases nearly every day, so seeing Bitcoin (BTC) price hit beyond $50,000 in 5 years’ time is not an impossible height. Although it will take monumental changes in both adoption and functionality before such could be achieved.

What a Bitcoin (BTC) Pundit Has to say

With a lot of incidents that are emerging lately in the cryptocurrency world, experts and influencers are quite expected to air their take on the situation.

Also READ  Bitcoin and Altcoins’ Crashes Like 2018 Will Likely Not Resurface Again – Analyst States Reasons

Also Read: Bitcoin (BTC), Ripple’s XRP, Ethereum (ETH), Litecoin (LTC) are The Big Deal of 2019

Virtually everybody was dumbfounded last year, including John McAfee, who made a prediction in a post that Bitcoin (BTC) would rise to $1,000,000 by 2020 while putting himself simultaneously in a bit of a situation if he is wrong.

Our Prediction for Bitcoin Price

Judging with the present situation in the cryptos market, we predict that Bitcoin will continue to enjoy its crown of supremacy at the top of cryptocurrency table in subsequent years and will unlikely continue its drop in value far into 2019.

However, how Bitcoin will fare depends on whether it can keep pace in an environment increasingly diluted by blockchains looking to be next Bitcoin or Ethereum.

Please note that this article is not a financial advice, consult financial advisers first before investing in any Coin.

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Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple blockchain news portals in the US and the UK.Oliver is among the earliest followers of cryptocurrency and blockchain.His interest varies from Political Agendas to recent Technological advancements and now, cryptocurrency acceptance and institutional investing in blockchain.He is now a full-time contributor to TODAY'S GAZETTE.Email: oliver.green@todaysgazette.com

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