![Btc to crash below $5,000[analysis + prediction for 2019]](https://ohiobitcoin.com/storage/2018/11/oKUCyP.png "Btc to crash below $5,000[analysis + prediction for 2019]")
![Btc to crash below $5,000[analysis + prediction for 2019]](http://ohiobitcoin.com/storage/2018/11/oKUCyP.png "Btc to crash below $5,000[analysis + prediction for 2019]")
Following the price of $7000+, entered a stable state of stagnation ranging from $6100 to $6300, even spiking to $6800. In my beliefs, the stagnation was a key point in the price of the coin. In the past, stagnation often became the cause of a major spike, as speculators saw relief and security to go ahead and buy the coin. Stagnation(in a small scale) can also be followed by a massive drop as we saw in late 2017, a ‘calm’ before the storm. In the last 30 or so days the market has been calm and stagnated, neither here nor there. On Oct. 14th, the market hit $6800, catching onlookers by surprise, however, the of trade was not supportive of such intense trading.
As off writing, bitcoin’s price ranges from $5,087 to $5,164 according to the Coinbase exchange; sits at $5,255 +/- $25 according to Trading-view/ BitFinex. Due to the and break of the previous of $5,800, there is no way for sure to tell how low could drop, but expect this to last through the winter. Recovery is inevitable, but expected in the next fiscal year. Prices could go above $8,500 early next fiscal year, then surge to $14,700 – $16,000 in the middle of next year. As of now its time to wait out the bottom, and buy as low as you can. BCH, XRP, DOGE, and ETH are key markets you may want to invest in as of this winter, bitcoin’s fall was inevitable, and there may be further drops to levels in the $4,000 range, and possibly a slight recovery to the stagnation level at the previous .
Published at Mon, 19 Nov 2018 14:08:22 +0000
