According to some cryptocurrency and fin tech experts, including Ben Ritchie, Bitcoin [BTC] could surge by a significant 84% by the end of the year 2019.However, that wasn’t the most bullish prediction offered by the panel of experts. Ben Ritchie, the CEO of Digital Capital Management, backed the cryptocurrency market to hit new heights, with Bitcoin leading the charge and touching $9500 by the end of the year. If the coin does indeed do so, it would prove to be an incredible 84% surge over the current price of Bitcoin.
Small range trading action continues in Bitcoin (BTC). The bulls could not push the price above the 20-day EMA in the past two days, which shows weakness.The leading cryptocurrency by market value is currently down more than 20 percent from highs above $4,200 seen on Dec. 24. The pullback may have reinforced the primary bearish trend, as represented by the long-term moving average studies.
The bitcoin price is similarly closing in on its falling wedge’s apex. It should break out to the upside in ideal circumstances, but given the moody nature of the market, a breakdown is also possible.Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction. It's the dawn of a better, more free world.
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