Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015. The analyst said that the current high to low range is 17 percent on average, which is one of the …

Although crypto markets are still down over the past month, most of the top ten coins are in the green today, June 7. Market visualization from Coin360 Bitcoin (BTC) is comfortably holding above the $7,600 threshold and inching to a new price point of $7,700, trading at around $7,690 at press time. The leading cryptocurrency, up almost 2.3 percent over a 24-hour period, saw an intra-weekly low just above $7,400, but has since stemmed its losses. Yesterday’s official clarification from the chair of the U.S. Securities and Exchange Commission (SEC) that Bitcoin is categorically not considered to be a security …

Stock analytics firm Trefis has recently lowered their Bitcoin (BTC) year-end price forecast from $15,000 to $12,500, according to a blog post June 5. Lowering Our Year-End Bitcoin Price Target To $12,500 Due To Weaker Transaction Volume Outlookhttps://t.co/Plya7iHWKo — TREFIS (@Trefis) June 6, 2018 Trefis’ BTC forecast analytics is based on fundamentals of supply and demand, where demand is the number of users and the amount of transactions, and supply is the number of available BTC. Trefis pointed out significant recent losses in total transaction volumes across crypto exchanges, and attributes a surplus in supply and subsequent drop in price …

Bitcoin remains a strong buy despite recent losses, blockchain venture capitalist Spencer Bogart told CNBC yesterday, May 26. The cryptocurrency will trade “at least” above $10,000 by the year’s end, he added. Bogart is a partner at major VC firm Blockchain Capital, and was reportedly the first Wall Street analyst to cover Bitcoin and blockchain, authoring a highly regarded blockchain industry report. Bitcoin has now seen three weeks in the negative, its “longest running streak of losses since September 2017,” as CNBC’s interview intro noted. Despite this, Bogart outlined a bullish forecast for the long term, saying that: “The long-term …

Co-founder and head of research at Fundstrat Global Advisors, Thomas Lee has admitted that his prediction of a Bitcoin rally after the Consensus conference was wrong. Lee has claimed that the crypto market still “faces significant internal resistance and hurdles within traditional financial institutions,” Bloomberg reports May 18 Having accurately predicted the growth of crypto markets after the US tax day in April, Tom Lee made another Bitcoin prediction on May 7, saying that the cryptocurrency will rally during and after the Consensus conference takes place in New York May 14-16. “We expect BTC and cryptocurrencies to behave similarly to …

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Many predictions have been made regarding Bitcoin’s price which, after jumping from around $1,000 to $20,000 in 2017, decreased to lows of around $6,000 before climbing back to $8,000. This huge volatility makes it very challenging to predict the price in the short-term. Nonetheless, a fundamental analysis of the evolution of Bitcoin’s price in the longer term could be more reliable. Several predictions are analyzed and discussed below to estimate the most likely direction …

The emergence of Bitcoin (BTC) has been predicted by the Final Fantasy III video game released 28 years ago, according to a recent joke post on Reddit which has managed to amass more than three thousand upvotes as of April 18. The post refers to a symbol that looks similar to Bitcoin’s logo, pictured on an object in the game that was originally released on April 27, 1990. The first Bitcoin block was mined on Jan. 3, 2009, making the appearance of the symbol in Final Fantasy III an apparent coincidence. However, this is not the first such coincidence discovered …

Stellar CTO and co-founder, as well as Mt. Gox creator, Jed McCaleb told CNBC March 21 about his vision for a singular global payments system – one that will crucially involve Blockchain technology. Stellar, which like Ripple is a Blockchain-powered international remittance setup with its own cryptocurrency, is currently attempting to create such a network. “In the future, I think it's pretty clear to me there will be a universal payments network that will operate,” McCaleb said. While the solution he sees might not necessarily have Bitcoin or Ethereum at its heart, it would involve a “public ledger that people …

Augur, the decentralized prediction market, launched its alpha version on Tuesday. Augur alpha Augur users can wager on the future — whether on the outcome of a soccer match or on an election. If they guess correctly, they win money, if they don’t they lose. By aggregating these bets in advance of an outcome, the idea is that users can make accurate predictions about the future, by tapping diverse opinions. Lead Developer Joey Krug said: “This is the culmination of eight months of work since we started writing Augur, and we're glad to finally release something people can play around …

It’s tough to make predictions, especially about the future. Throw a dynamic and interconnected social-technical distributed currency network into the mix, and even the famously epigrammatic Yogi Berra would be at a loss to package the issue in an appropriately pithy witticism. The core developers of the Bitcoin protocol face a difficult technical decision. How they decide to respond to an impending 1MB limit on the maximum block size allowed in the blockchain will fundamentally impact how and even whether the technology can be used for everyday purchases or institutional transfers, by average people or professional investors alike. There are …

Benjamin Lawsky is leaving New York’s Department of Financial Service, five banks to pay US$5.6 billion fine for rigging markets, and more top stories for May 21. Benjamin Lawsky exits NYDFS, plans to launch consultancy firm New York Department of Financial Services Superintendent Benjamin Lawsky is in the middle of a career switch. He is leaving his role at the NY Department of Financial Services to set up his own consulting firm, which will advise financial institutions on technology, cyber security and virtual currency, as well as help them overcome some of the legal obstacles he helped put in place. …

A price crash lays bare some of the strangest aspects of people’s personalities. When I went to bed Friday night, 1 bitcoin was threatening to break through the US$360 floor. When I awoke Saturday morning, the price was in the 330s. By Sunday afternoon, I saw sell prices on some exchanges around US$280. That range encompasses a 22% drop in Bitcoin’s exchange value against the US dollar. By Monday morning, the price had rebounded to near the US$330 mark, where it is sitting at the time of writing (10:30 GMT; this volatility makes me think a precise timestamp is necessary …