Bitcoin Price Prediction: Bitcoin Heading Towards New All Time High In 2019

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Price predictions in any market can be quite dicey, to say the least, and when it comes to emerging markets that are still finding a footing, such as the cryptocurrencies, the degree of skepticism comes into play. For 2018, Bitcoin (BTC) was expected to observe a market correction, however very few expected it lose over 80% in 2018. So, what’s in stock for 2019, Weiss Ratings just released their predictions, let’s check them out.

While BTC did slip down from its perch of 2017, the fundamentals for crypto in 2018 were extremely good. The adoption rate was on a high, a few institutional investors like the Citigroup, Morgan Stanley and Goldman Sachs showed interest in the market. Furthermore, Nasdaq and Bakkt planned to launch crypto – derivatives to invite other institutional giants. Notably, many countries rolled out regulatory frameworks to protect investors while opening their doors to crypto.

In terms of market price declines, 2018 was a disaster. What about 2019? Here are our 7 forecasts for this year: https://t.co/MQgzg6nnhm #WeissRatings #crypto #cryptocurrency #altcoins #bitcoin #btc #xrp #ada #holochain

— Weiss Crypto Ratings (@WeissCrypto) January 4, 2019