Bitcoin 2019 outlook

Follow Summary BTC had a nice recovery in late December, but technicals say we may see a correction in the coming weeks. Looking for a portfolio of ideas like this one? Members of The Coin Agora get exclusive access to our model portfolio. This price move is not unexpected, as it's part of the downside resolution of the price move below the descending triangle on the weekly chart.

The question that now confronts traders of Bitcoin is this: Have we hit the bottom, or is worse yet to come? Fundamental Outlook Fundamentally speaking, the market has provided a bearish ending for a volatile year in Bitcoin. This coming from 12 firms, some major names in venture capital. If and as countries can provide proper regulatory framework, BTC prices may see stability and potentially rise on growing demand and limited supply. Most cryptos lost ground in the current week and Bitcoin is leading the way.

We also can see that the 9-EMA line orange-colored is located above the price action candles, thus serving as a dynamic resistance to price action. This gives further confirmation that price moves for the rest of the year will most likely be to the downside. The brief period of price recovery in the week leading up to Christmas stalled at an area where price had previously found resistance.

G20 nations met several times over the course of the year for clarification on anti-money laundering AML standards for crytpo assets, in addition to asking for standards on how to regulate cryptocurrencies. Meanwhile, the SEC noted in November that cryptocurrencies like bitcoin and ethereum are tokens rather than securities.

So what does this mean for next year? More certainty and clarity, of course. He exampled hackers getting paid in bitcoin and showing up in exchange-trade funds ETFs listed on exchanges in Toronto or New York. Bitcoin outlook The revolution continues As bitcoin and cryptocurrencies await further clarity from regulatory agencies — and in the same vein resolutions to some of the challenges — one thing is certain: the technology itself is here to stay.

Di Iorio echoed similar sentiments and said the future is about getting the public to understand how this technology will be more important than what happened with the internet revolution. Clarity is certainly coming for the industry, and the rise of institutional investors entering the space in is also providing more legitimacy.

The debate about what kind of impact regulations will have on the space always exists, but will begin to see how more involvement of regulatory bodies will play out, for better or for worse.

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