Dealer: Bitcoin (BTC) could end in 2019 at 10,000 USD

Bitcoin could reach five figures by the end of the year

Anatoly Radchenko, a traditional stock trader turned Bitcoin investor, recently appeared on Ivan On Tech's crypto-centric YouTube channel to express his opinion on the recent movements in this market. The Russian badyst, who has many listeners in his region, was surprisingly optimistic.

When asked whether he shared the benevolent opinion expressed by experts like Tom Lee, who recently said that the current fair value of Bitcoin is between $ 10,000 and $ 14,000 on CNBC and Bloomberg, or the digital gold promoter, Michael Novogratz, he agreed. Radchenko was of the opinion that more likely than not, BTC would find a floor at $ 3,150 in the long run, which means that the bottom could very well be in it.

However, that does not mean that new heights are coming in. Far from. In fact, the badyst hinted that it is very likely that the new highs will not be coming in for Bitcoin this year and that there is no bullish rally in 2017 in the near future. He said that in August, in three months, BTC would probably have reached only $ 7,000, 30% more than current levels. From there, he expects that a local top will be rejected, which means that BTC could drop to $ 5,000. But by the end of the year, Bitcoin could very well reach $ 10,000.

And some have accepted. According to previous reports at this point of sale, Clem Chambers, the general manager of ADVFN, explained that BTC could collect $ 10,000 by the end of the year.

He explains that the recent increase in Tether Emissions (USDT), among other stable coins, is what "will lift the BTC", considering that, basically, the "cash flowing" in crypto is what keeps and raises prices. " As Chambers explains, for the current inflationary Bitcoin to have a positive cash flow, a new fiat must be signed every day to "match the new supply" and to avoid a crash. While the USDT supply is increasing recently and there are clear signs that "dry powder" is being dumped into the cryptosphere, Chambers has concluded that it exists. a "clear path to the top" for BTC. The increase in incoming FIAM, however, is not the only bullish catalyst.

Chambers is aware that Bitcoin has begun to "absorb interest in gold, at least in the United States." He adds that as such, when the need for capital flight and the store of value is added, Bitcoin will begin to share with "gold" for this market. It presents a conservative case: if BTC absorbs even 20% of the gold market share, BTC will reach "its previous level of $ 20,000", even if use cases other than those constituting a store of value for badets did not develop.

Arthur Hayes would also agree. As previously mentioned, the CEO of BitMEX wrote that the market would show "green shoots" by the end of this year, allowing Bitcoin to "get back $ 10,000". Supporting his appeal, he draws attention to several factors, such as the recent dovish state of the Federal Reserve, among other factors.

Title of the image courtesy of Brian Garcia Via Unsplash