Analyst: Bitcoin Heading to New Highs in Early 2020 Barring ‘Black Swan Event’ – BTC, Ethereum, XRP, Litecoin, Bitcoin Cash, Binance Coin, Tron Forecasts

[the_ad id=”36860″]

A well-known technical and fundamental crypto analyst says he believes Bitcoin is likely to reach new all-time highs in early 2020.

The analyst, known in the industry as FilbFilb, says Bitcoin is likely to consolidate in the short term somewhere between $7,500 and $10,000.

“With additional fiat onramps and media and political attention and a general aura of interest, Bitcoin appears to be gathering momentum from an infrastructure and credibility point of view. Whether the credibility leads to acceptance is another matter, but I suspect that it is inevitable.

As I’ve mentioned in some modelling shared on twitter, the combination of accelerated demand/interest/awareness, married across a limited supply, creates the perfect storm for Bitcoin to achieve much higher prices and the opportunity for them to be achieved rather quickly. This is, of course, assuming there is no major black swan event (likely being USA, EU, G8).”

[the_ad id=”36860″]

Right now, Bitcoin is down 4.7% at $9,694 according to COIN360. Ethereum is down 2.3`% at $212.81, XRP is down 0.04% at $0.313 and Litecoin is up 0.70% at $93.84.

Source: COIN360

Bitcoin

FXStreet – MACD histogram indicates bearish momentum gathering strength

NewsBTC – Bitcoin price accelerating downsides, bears eye $9,200

Ethereum

FXStreet – ETH/USD bears up and running, $200 can be taken out any moment

[the_ad id=”36860″]

XRP

CryptoPotato – XRP continues to hold strong at the $0.30 support

XRP, Litecoin, Bitcoin Cash, Binance Coin, Tron

FX Empire – XRP, BCH, LTC eye fourth consecutive day in the red

NewsBTC – Crypto market accelerating south: LTC, BNB, BCH, TRX analysis

[the_ad id="42537"][the_ad id="42536"]

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Analyst: Bitcoin Heading to New Highs in Early 2020 Barring ‘Black Swan Event’ – BTC, Ethereum, XRP, Litecoin, Bitcoin Cash, Binance Coin, Tron Forecasts appeared first on The Daily Hodl.