Analytics / Forex and Crypto News
An analyst who wished to remain anonymous, on January 21, 2019, predicted an increase in the price of Bitcoin to $9,200 by July and he was right.
He posted a post in one of the social networks, in which he announced that in April, Bitcoin will grow to $5,300, and in July it will trade at $9,200. In mid-April, the BTC really not only reached $5,300 but also continued to demonstrate an upward trend.
According to the forecasts of the same anonymous analyst, in October 2019, Bitcoin will rise in price to $16,000, and in February 2020 it will jump to $29,000. In July of next year, the coin will cost $56,000.
The total capitalization of the cryptocurrency market will reach $1.5 trillion by the end of 2020, and the Bitcoin dominance index will be 40-46%.
The expert noted that the so-called “bottom” of the crypto market was recorded in mid-December. In March, the accumulation phase began, which lasted three months. Now we will witness a long and steady strengthening of the coin, which is moving to the new highs.
The proof of the positive trend in the market is the fact that in mid-June the number of active Bitcoin addresses approached the peak values of two years ago.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov