- According to Marketwatch, bitcoin price is getting its groove back, albeit slowly. After deprecation by the end of February cryptocurrency price started spurred by 11% and surged around $3800.
- Canaccord Genuity Capital Markets researchers claim that bitcoin price during 2015-2019 years is characterized by the same pattern as it was in 2011-2015. Researchers expecting price to be further rise during the first half of 2019. Thus, researchers suppose that upward trend might encourage HODLers (those who never sell the currency) to change their behavior.
Bitcoin price pattern during 2011-2019
Source: https://myc.ge/2EEtOwB
- By emphasizing on growing speed of transaction and increased involvement of emerging countries researchers anticipate current bitcoin price to be bottom and could reach $20 000 by 2021
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