Bitcoin has been escalating upwards for the past one week. A rise of more than 30% since last Sunday shows that Bitcoin can reach historic levels by the end of this year. It is a good time to invest in cryptocurrencies as they have a positive future in the coming years.
Global faith improves reliability
The CEO of Quoine a Japanese firm has already predicted that Bitcoin will reach an all-time high by December 2019. These gains are not only limited to Bitcoin as other cryptocurrencies like Stellar, Ethereum, Binance coin and Tron have already crossed their highs.
Bitcoin Cash (BCH)
A massive growth since last week
In total, the whole galaxy of cryptocurrencies has added a staggering figure of $30 billion since last Monday. Some of the experts are still scratching their heads and trying to figure out the reason behind this boom. There is nothing new to this as there are uncertainties associated with the crypto market. Ethereum’s co-founder spoke last week about the positive future of the crypto ecosystem. He was of the view that Ethereum can even surpass Bitcoin. This will be an interesting year ahead as digital analysts expect a stiff competition between Bitcoin and Ethereum.
Bullish Trends for the whole of 2019
New rules and regulations are still being introduced in the field of cryptocurrencies. Regulators understand the importance of digital currency, and they are focusing on reducing the legal flaws attached to it. There will be a period of consolidation in the coming months. Market sentiments are always distinguished by investor belief. Optimism is here to stay, and it is important to note that the “Bull Market” is still not here. Investors still have the opportunity to buy cryptocurrencies as the real “Bull market” will start by the mid of this year. Once Bitcoin crosses $5000 mark, then we can say that the market has reached stability.