Bitcoin sank to its lowest price in over a year on Wednesday, with the prices of other major cryptocurrencies falling alongside it.

As of press time, bitcoin is trading at $5,525.92 – a more than 12 percent decline on the day – in the latest sign that volatility around the world’s largest cryptocurrency by market capitalization has returned with a vengeance.

Indeed, bitcoin’s collective market cap dropped below the $100 billion level for the first time since November 12 of last year, according to CoinDesk’s Crypto-Economics Explorer (CEX).

In the past 12-hours alone, the total capitalization of the cryptocurrency market fell from roughly $210 billion to where it stands now, $180 billion. Today’s 15 percent depreciation has led the market to its lowest value since Oct. 31 of last year, CoinMarketCap data reveals.

Other major cryptocurrencies are reporting declines in excess of 10 percent on the day, including ETH, XRP and bitcoin cash – the latter of which is gearing up for a contentious hard fork on Nov. 15.

Notably, market data indicates that in light of today’s market drop, XRP (as of the time of this writing) has the second-largest market capitalization for cryptocurrencies, surpassing ETH.

USDT, the stablecoin known more commonly as tether, saw a notable drop in its price to a low of $0.95 on crypto exchange Kraken, which offers one of the few trading pairs of the token against the U.S. dollar.

Tether, among other stablecoins, is intended to hold parity against the U.S. dollar, and data from CoinMarketCap shows that the token is trading in the $0.96-$0.97 range.

Because of the dip in USDT, the BTC premium on exchanges like Bitfinex, which trades against USDT, has risen to over $300. In other words, a single unit of bitcoin can now be purchased for $5,557 on Coinbase (a regulated exchange trading against USD) while the same unit costs $5,870 USDT on Bitfinex.

This post credited to coindesk  Image source: Coindesk 

Over the last 24 hours, Bitcoin has slightly recovered from $6,230 to $6,260, unable to breakout of the $6,300 mark.

Throughout the upcoming days, if Bitcoin fails to stabilize in the $6,300 to $6,400 range, the price of BTC is at risk of dropping to the lower region of $6,000 and possibly below the $6,000 mark.

Major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) have prevented extended losses below their low price range. But, ETH still remains below $200 and BCH is still at $416, struggling to recover from their 5 percent losses on October 30.

Bitcoin Needs to Close Over $6,380

According to respected cryptocurrency trader DonAlt, Bitcoin will need to close above the $6,380 mark in the next 12 to 24 hours to reverse the trend and initiate a rally on the upside. The failure to do so could result in another minor movement to the $6,000 to $6,200 range, moving dangerously close to the $6,000 support level which BTC has defended relatively well since August.

“Today is the day, the bulls need to close the monthly in the 6380 region. If they don’t manage that that’d be pretty bad news. If we do, an excellent long opportunity. The safe play is waiting it out. Quick spike down into big move up would be my favorite move,” he said.

Currently, the issue with BTC is that its daily trading volume has started to drop back down to the lower region of $3 billion. On October 30, the volume of BTC across major cryptocurrency exchanges increased to $4.2 billion but most of it was composed of sell volume.

While it is possible for BTC to experience a sudden increase in volume as it has done in mid-September, the low trading activity in the cryptocurrency exchange market has made a short-term rally highly unlikely.

Hsaka, a technical analyst, said that the low volume of the dominant cryptocurrency could result in BTC remaining in the tight range of $6,300 to $6,400 throughout the next month, reflecting its trend throughout August to October.

“To be honest, with volume and volatility petering out, I wouldn’t be surprised to see BTC hold this range for another month (and maybe till the EOY too). Would be the path of maximum pain, bears don’t get their rapid selloff to 4.8k, bulls distraught over not being able to break 6.8k.”

What Happens to the Market

In the short-term, it is not likely for BTC to recover back to the $6,400 to $6,500 range, due to its low volume. Based on the current trend of the market, it is more likely for Bitcoin to maintain its tight price range for the next several weeks until it builds up momentum and volume to initiate a strong rally.

If Bitcoin continues its tight range throughout November, it would be the longest period in the history of the cryptocurrency during which Bitcoin maintained its price range in a 3 percent gap for more than 4 months.

This post credited to ccn Featured Image from Shutterstock. Charts from TradingView.

From a new prediction on how long the Bitcoin bear market will last to a wild moonshot on Ethereum, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

The CEO of crypto exchange BitMEX says the current Bitcoin and crypto bear market could last another 18 months.

In a new interview, Arthur Hayes told Yahoo Finance UK,

“My view is the volatility environment that exists right now could persist for another 12 to 18 months – the flatness.

I’m just basing it off my previous experience. I started in Bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed – very, very difficult to make money…

We think trading volumes could fall further from where they are now.”

On the other end of the spectrum, the head of research at Fundstrat Tom Lee recently said he believes Bitcoin could still breakout this year.

Meanwhile, Galaxy Digital’s Mike Novogratz predicts institutional investors will trigger a Bitcoin turnaround in the first quarter of next year.

Ripple

A new interview from the Money20/20 conference in Las Vegas features Ripple co-founder Chris Larsen.

Larsen talks about the regulation of digital assets and blockchain’s role in transforming how people and businesses move value.

XRP, Bitcoin Cash, Litecoin

One of the biggest financial derivatives dealers in the UK has listed XRP, Bitcoin Cash and Litecoin.

According to a press release,

“CMC Markets, a leading global provider of online trading, has today expanded its cryptocurrency spread betting and contracts for difference (CFDs) offering to include three additional coins: Bitcoin Cash, Litecoin and Ripple. Clients can now take a position on the three altcoins paired against the US dollar.”

Ethereum

The Ethereum development studio ConsenSys just bought the asteroid mining company Planetary Resources.

One of the company’s primary missions is to “identify and unlock the critical water resources necessary for human expansion in space.”

The company’s general counsel Brian Israel says, “Ethereum smart contract functionality is a natural solution for private-ordering and commerce in space – the only domain of human activity not ordered around territorial sovereignty – in which a diverse range of actors from a growing number of countries must coordinate and transact.”

EOS

State of the DApps just released a progress report on the latest decentralized apps on the EOS network.

From gaming to social media to exchanges, there are now more than 100 DApps live on EOS.

IOTA

IOTA says it’s collaborating with the car API development company High Mobility.

The company creates software tools that connect cars to the outside world, and will explore ways it can integrate IOTA’s distributed ledger technology into its platform.

Tron

Tron is partnering with JOYSO to create a decentralized exchange on the Tron network.

According to a new post on Medium, in a “recent collaboration with TRON, JOYSO will be building the exchange with off-chain matching, on-chain settlement where users can trade any token directly via their digital wallets.”

VeChain

The blockchain gambling platform Decent.bet just launched on the VeChain network.

DecentBet@Decent_Bet

And we are now officially live on our Closed Beta Mainnet- the very first dApp on the @vechainofficial blockchain!

Huge, huge thanks to all of our supporters, wider community and the participants themselves. https://medium.com/@decentbet2017/private-mainnet-launch-a-go-15acf46e04d9 

Private Mainnet Launch A Go! – Decent.Bet – Medium

DBET Family —

medium.com

Decent.bet is designed to be a transparent, smart contract-based sports betting platform and online casino.

 

This post credited to Daily HODL  Image source: Daily HODL

The volatility of the bitcoin price is now nearly as low as shares of tech giant Apple, the world’s biggest company by market capitalization, according to new data released by the Chicago Board Options Exchange(CBOE).

As most traders are aware, the stock market has generally been considered far less volatile, and less risky, than the crypto market. However, this belief is now being put into question as a result of unusually stable prices for the number one cryptocurrency.

The CBOE data showed that bitcoin’s 20-day historical volatility has fallen to 31.5%, lower than that of well-established publicly traded companies like Amazon, an e-commerce giant, and Netflix.

20-day Historical Volatility

Now Bitcoin Price is as Stable as Apple Stock 102
Source: Marketwatch, CBOE, Cryptonews.com

“A one standard deviation move for bitcoin is about USD 475. That works out to +/- 7.3% […],” Kevin Davitt, a senior instructor for the Options Institute at CBOE, was quoted as saying by Marketwatch. According to him, in mid-January, “the standard deviation measured $4,640 or +/- 42%.”

A standard deviation in a market is a measure of how often a certain move in prices can be expected to occur on average. Following a normal distribution, 68% of all moves are within +/- 1 standard deviation.

Although low volatility represents a challenge for active traders, long-term holders and bitcoin enthusiasts see it as a positive development for the digital asset, bringing it closer to the vision of it becoming “digital gold.”

“Perhaps we are witnessing the maturation of a market. It’s far too early to declare this the ‘new normal’ but the persistent range over the last few weeks may be hinting at a structural shift,” CBOE’s Davitt concluded.

Other experts have also suggested that the recently low volatility of the bitcoin market could be a sign that the market is maturing. Earlier this month, Gil Luria, research director at wealth management firm D.A. Davidson & Co., hinted that there is less speculation in the bitcoin economy today.

“When speculators are involved, they drive unusually high volumes as well as volatility by trading the asset with high frequency. As speculator involvement is diminished, volumes go down and volatility goes down as well,” Luria said at the time.

 

This post credited to cryptonews Image source: Cryptonews 

Beginning on Thursday, crypto markets experienced a massive sell-off which affected most coins and brought down total market capitalization of cryptocurrencies to $200 billion, down $25 billion in the space of a few hours in what was overall a bearish week for cryptocurrencies as a whole, but ethereum in particular.

Behaviour of investors indicates that the market expects ethereum to fall even further.

Record ETH Shorts and Possible Reasons

At the moment, of all the major cryptocurrencies, ethereum appears to be the worst hit by the selloff, after months of weak performance. At the moment, more than 300,000 short positions have opened for ethereum as investors continue to bet on its price falling even lower.

A possible reason for this is the existence of sizeable ICO selloffs. According to this school of thought, following a prolonged period of carnage in a persistent bear market that does not look set to end anytime soon, many ICOs have sold their ETH positions to make up for potential losses that may occur in the future and to fund their continued project development and operations.

It will be recalled that at the peak of the crypto market bull run, which coincided with a steep jump in popularity of ethereum-based ICOs, ETH traded at about $1,500. Since then, it has fallen more than 90 percent, causing many investors and ICO treasuries to offload their holdings in order to avoid more losses.

Another school of thought has it that the record number of short positions sparked by the general crypto market selloff is down to a decline in global equities. Thejas Naval, an analyst at Element Digital Asset Management disagrees with this notion, stating that recent price drops in the crypto market have no correlation to the stock market.

In his words:

“There’s a narrative that the crypto market was simply falling in lockstep with the equity markets, which are slowly entering into correction zones. We believe this move in cryptocurrencies had nothing to do with the stock market.”

According to Naval, there is however evidence that the price of bitcoin and global stock indexes have a little link between them. The recent mass selloff trend in the crypto market has also affected the market lodestar bitcoin, which fell as low as $6,200 following the drop it experienced on Thursday.

This post credited to ccn Image from Shutterstock.

The cryptocurrency market capitalization has dropped by $575 billion since its all-time high, and the bitcoin price has dropped by two-thirds since it peaked near $20,000. But a hedge fund manager believes the trend is about to reverse.

Spencer Bogart, partner at cryptocurrency and blockchain venture firm blockchain Capital, predicted a bullish retracement for bitcoin and the rest of the cryptocurrency market on CNBC’s “Fast Money.” According to him, the recent week’s development in crypto-market could be the main reason why “bitcoin is close to bottoming.”

CNBC’s Fast Money

@CNBCFastMoney

After a flood of good news this week, is flat but @CremeDeLaCrypto says it just marked a bottom.

The week began with TD Ameritrade, a stock brokerage giant, announcing on Wednesday a strategic investment in ErisX, a cryptocurrency spot and futures exchange. High-frequency trading firm Virtu Financial will also give support to the New York bitcoin firm.

On Thursday, veteran financial advisor and billionaire Ric Edelman announced his investment in Bitwise Asset Management, a renowned cryptocurrency index fund. And on Friday, David Swensen, who oversees Yale’s $29.4 billion endowments and has earned himself the nickname of Yale’s “Warren Buffet,” reportedly spread his employer’s portfolio by investing in two cryptocurrency funds run by Andreessen Horowitz and Paradigm.

Spencer Bogart

@CremeDeLaCrypto

I think we end the year with Bitcoin > $10k

CNBC’s Fast Money

@CNBCFastMoney

After a flood of good news this week, #bitcoin is flat but @CremeDeLaCrypto says it just marked a bottom.

“Towards the end of last year, when we were at the peak of this bulls market, bad news seemed to have no effect on the markets […] Now we [see] the other side of that when we have a week of news with TD, Ric Edelman, and Yale, and it has almost no effect on price,” Bogart said.

The bitcoin analyst believed that the crypto market would not react immediately to these events, but the inbound institutional capital will prove to be the building blocks of the next bull run. The sentiments appear in line with the 54 percent institutional players who, according to a Fundstrat survey, also think bitcoin has bottomed out already.

Big Players Long on Bitcoin

Institutional investors under the threat of the mainstream market’s instability have started looking into the $220 billion cryptocurrency market as a part of their risk spread exercise. Big buyers have replaced individual investors by pouring in millions of dollars into the crypto space via over-the-counter trading. Under an ideal circumstance, this could mean cryptocurrencies like bitcoin could achieve more stability as larger capital gets distributed among a few players.

“What that’s showing you is the professionalization that’s happening across the board in this space,” Cho said. “The Wild West days of crypto are really turning the corner,” said Bobby Cho, head of trading at Cumberland, which handles OTC trading for cryptos.

Big money confirms a tight grip on the market action. Consequently, institutional players that have gone long at the bottom would not want to take their investment out anywhere below their entry position. Perhaps that is the only reason why financial experts like Bogart appears confident about the crypto’s much-awaited bull run.

This post credited to ccn Image from Shutterstock

Price Watch:

  • Bitcoin is up 2.69% this week to $6,700 surpassing $6,500 late last week after oscillating between $6,300 and $6,400 before flirting with the $6,600 level and the $6,200 level within days of each other. This week was remarkably similar but ended higher with this week starting off at the $6,500 level  and managing to hold it  coming into this week until Monday when the price hit $6,274 before coming back to the $6,500 level on Tuesday as some alts like Ripple surged. The next day was not quite as fruitful with prices falling back to the $6,200 level and oscillating between $6,200 and $6,400. Later in the week, the price managed to regain the $6,500 level showing several bullish indicators in CCN’s own Yashu Gola‘s analysis. The price finally ended at $6,700 as alts like XLM and Ripple continued to rally. The last time we were at this level was in the face of the 9 ETFs that were rejected.
  •  Ethereum is up 10% this week to $240 after a gain of 16% last week. The gains are a recent phenomenon with preceding week having a drop of 31% last week, 5% the week before and drops of 11%  and 24% in the preceding weeks with single and double-digit drops going back months. The recent drops have continued to be blamed on ICO sell offs and the recent price gains are seen by analysts as evidence that the price is coming back. It wasn’t until last Thursday that, despite negative statements by Vitalik, the price increased 9% and analysts said we’d finally hit ‘a’ bottom. This week wasn’t all gains with the price briefly dropping below $200 on Monday.
  • The entire coin market cap is up 8% as Ethereum, Ripple and Stellar recorded strong gains. Bitcoins comparatively small gains held the market back as it sought to regain the $225 billion level.
  • Targets:
    • Tim Draper Stands By Bullish $250,000 Bitcoin – Tech billionaire Tim Draper stands by his bitcoin price target of $250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap.
    • Novogratz Sets $10,000 Price Target for 2018 – Billionaire investor Michael Novogratz, a legendary ex-hedge fund manager, formerly of the investment firm Fortress Investment Group, has said that the Bitcoin price will likely see a 30 percent increase by the end of 2018.

Governments:

Enterprises & Exchanges:

  • Japanese Cryptocurrency Exchange Zaif Hacked, $59 Million in Losses – Japanese cryptocurrency exchange Zaif was the victim of a major hack last week, local media sources have reported and the company has now confirmed. The hack, which occurred on Sept. 14 but was not discovered until Sept. 17, saw the hacker steal various amounts of bitcoin, bitcoin cash, and monacoin from the exchange’s hot wallet, collectively worth 6.7 billion yen (just under $60 million).
  • Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip – China-based Bitmain’s CEO Jihan Wu announced on Friday that it had developed a new 7nm application-specific integrated circuit (ASIC) mining chip for the SHA256 algorithm used by bitcoin, bitcoin cash, and many other cryptocurrencies. The s announcement came just two days after competitor Bitfury unveiled a new SHA256 ASIC chip. The announcement also comes ahead of Bitmain’s rumored initial public offering (IPO), which will reportedly take place “very soon.”
  • UK’s Biggest Port Operator to Explore Blockchain Solution – The privately run UK port operator, Associated British Ports (ABP), has inked a Memorandum of Understanding with freight forwarder Marine Transport International to explore a blockchain technology application aimed at improving connectivity at the 21 ports it runs.
  • Coinsquare Lists Blockchain ETF On Toronto Stock Exchange – Coincapital, which is registered with the Ontario Securities Commission, has become Canada’s newest ETF provider following the introduction of the LDGR and the STOXX B.R.AI.N. Index Fund (THNK), the company’s first ETFs.  The ETF’s selections are based primarily on blockchain intellectual property patent filings, which enables the fund to identify blockchain adopters and innovators. The selections also make use of the iSTOXX Yewno Developed Markets Blockchain Index.
  • AntPool to Sponsor NBA’s Houston Rockets – A partnership agreement signed by AntPool and the Houston Rockets for the 2018-2019 professional season and will stand out as one of the significant moves by the China-based company towards achieving its expansion goals into the Houston area. At the same time, this joins in the increasing number of similar awareness and publicity programs being experienced by cryptocurrency in recent times, especially in associating with the sporting industry.
  • IBM: Blockchain for Drone Fleet Security – Computing giant and prolific blockchain researcher IBM has applied to patent a system that would use distributed ledger technology (DLT) to address privacy and security concerns associated with the increasing usage of drones in both commercial and recreational applications. The patent is similar to a a patent application from Walmart that sought to use blockchain technology to secure packages throughout a supply chain made up of robots and autonomous vehicles.

Crimes:

 

Noteworthy:

These are a few pieces that were particularly popular this week.

  • Decentralized Crypto Exchange is Solution to Hacks, Will They be Ready? – Analysis of the development of decentralized exchanges in the wake of  the successful hacking attempts on crypto exchanges Bithumb and Coincheck and most recently Zaif.

This post credited to ccn Featured image from Shutterstock.

Ethereum co-founder Vitalik Buterin is of the opinion that the cryptocurrency market is unlikely to experience an explosive bullish rally similar to the one seen in late 2017 ever again. The ‘gold rush’ is in the past and now the average person is aware of blockchain and digital currencies, thus erasing the surprise element of last year.

Cryptocurrency Growth Based on Marketing is a Dead End Strategy

Vitalik Buterin, co-founder of Ethereum, was at an Ethereum and blockchain conference in Hong Kong when he told Bloomberg that opportunities for 1,000-times growth in the cryptocurrency market are no longer out there.

The blockchain community is at a new level of growth, which is based on the adoption of real applications by real people instead of spreading the word to new enthusiasts willing to invest in digital assets.

“The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore”, Buterin said as he explained that the blockchain community’s marketing strategy throughout the first six or seven years “is getting close to hitting a dead end.”

Now it is up to the blockchain ecosystem to strive to get people who are already interested in cryptocurrencies to be involved as consumers of blockchain products in real life. “Go from just people being interested in real applications of real economic activity”, he said.

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system which enables developers to create all kinds of applications without a middleman or counterparty risk. The “next stage” Buterin talked about in the interview may eventually represent a bullish case for ETH if developers ‘en masse’ do decide to go with Ethereum to build their platforms. But the once innovative network is now facing increased competition.

While the real massified adoption of blockchain products is yet to occur, the price of Ethereum faces a bearish storm ever since capping around the $1,375 area in early 2018. In September, the cryptocurrency gave in to the downward pressure and lost the $300 handle. Ethereum is now trading just above $200 in a critical moment for the digital currency market.

“ETH shed another 4% on the day and is just below $220, a fall below $200 could be very bad for the world’s second largest crypto”, reports NewBTC. Bloomberg Intelligence commodity strategist Mike McGlone expects Ether to fall further to a support target of $155 “as it faces increasing competition, market volatility, and a maturing industry.”

 

This post credited to News BTC  Image source: Shutterstock

Bitcoin’s wild ride is, in part, a reflection of the deep divide among people with different belief systems about the monetary system. Even within the cryptocurrency community, there are drastically different opinions about the current valuations of digital assets and where those values are heading.

According to a report published by Cointelegraph in December of last year, crypto bull Ronnie Moas, founder of Standpoint Research, “has given some of the most accurate price predictions”. Today Moas sticks by his $28,000 end-of-2019 Bitcoin price prediction. In a series of tweets, he laments what he believes is the current sell-off by retail crypto investors who are caving to the 1%.

Meanwhile, Ethereum co-founder Vitalik Buterin, who spoke with Bloomberg at an Ethereum and blockchain conference, tempers the current Bitcoin and cryptocurrency downward trend with a dose of reality about outlandish gains.

“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Ronnie Moas@RonnieMoas

Sad to watch the top 1% scare the crap out of you | separating you from your & keeping the gap between rich & poor | Reiterating $28,000 target for end-2019 | Do Not take a bet you can’t afford to lose | I surround myself w/ minds & they all agree w/ me

Ronnie Moas@RonnieMoas

Billions of $ in has traded in the last week … smart $ … Institutions & Top 1% are buying as they did in 2008 stock market crash | small investors are selling … sad | You caught the move from $600 to $6,000 … you will miss the move from $6,000 to $60,000.

Ronnie Moas@RonnieMoas

| Enough with the charts bullshit | Buy and Hold … Add on Dips | technical analysts do not like it at $6,000, but they will like it at $12,000? | what a crock of shit | yeah … follow their lead … buy one for $12,000 instead two for $12K today (sarcasm)

Crypt0 YouTuber Omar Bham takes a giant step back. He points to two charts to compare Bitcoin price action from August 22, 2013 – January 17, 2015 to November 8, 2017 – today. They are strikingly similar. The upshot: the tail end of the older chart, where Bitcoin reached $200, was the prelude to Bitcoin’s price surge.

Omar Bham (Crypt0)@crypt0snews

I’m stoked. Crypto price markets have been repeating fractal patterns, and the beginning of 2015 is when I seriously began buying Bitcoin to hodl. Well, it seems like we’re again back at that point- the point when prices hit their lowest, and began trending upwards.
.
.

Trading at roughly $6,200 today, Bitcoin’s price action is a long story – that begins in 2010.

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In a new Weiss Ratings report, analyst Juan M. Villanuevo details Bitcoin’s climb from 6 cents. It’s not a straight shot. Instead, it’s a pattern that’s both cyclical and predictable, writes Villanuevo.

“Bitcoin enjoys a massive bull market, culminating in a frenzied parabolic surge of speculation – the period we call ‘the climax.’

It comes crashing down as speculators beat a panicky retreat.

It consolidates for months, creating a dead zone of sideways action or further decline, from which only the diehard survive.”

He chronicles how Bitcoin bubbled up from February 2013 to April 2013, and then in less than week, the world’s number one crypto came crashing down, losing 80% of its value. The culprit: average investors and not enough liquidity to accommodate the influx.

The analysis concludes that in the run-up to the next cycle, the market will have more liquidity and “the climax” will be less extreme.

  • 1st bull cycle ending June 2011, Bitcoin gains: 4,500%
  • 2nd bull cycle ending April 2013, Bitcoin gains: 1,300%
  • 3rd bull cycle ending December 2013, Bitcoin gains: 1,160%
  • 4th bull cycle through December 2017, Bitcoin gains: 400%

You can read the full analysis at Weiss Ratings.

9/8/2018 This article has been corrected to reflect that Ronnie Moas believes Bitcoin’s price will hit $28,000 by the end of 2019.  

 

This post credited to The Daily HODL  Image source: The Daily HODL