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https://forum.staker.network/index.php/topic,965.0.html

Author Topic: After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Dig  (Read 102 times)

chaabane

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Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019. Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900.

“Bitcoin has to take out $6,800, and after that we could end the year at $8,800-9,000,” he said.

The largest cryptocurrency has refrained from any marked movements up or down in recent weeks, instead revealing a streak of stability, which commentators such as Fundstrat Global Advisors analyst Tom Lee have hailed as a sign markets are maturing.

Next year, however, conditions should change markedly, says Novogratz, with institutional investors’ “FOMO” (‘fear of missing out’) causing a surge in prices.

“There’s going to be a case of institutional FOMO, just like there was in retail,” he continued.

That rush to invest should see Bitcoin “take out $10,000” by the end of Q1, from there continuing to break December 2017’s all-time highs and head to “$20,000 or more.”

Novogratz had previously made similar predictions last month, specifically targeting the first half of 2019 for institutional interest and a December 2018 Bitcoin price not higher than $9,000.

Lee also continues his buoyant outlook for Bitcoin in the short term, telling Cointelegraph in an interview that the coin was “preparing to break out
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W0lly

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Well lets hope it doesnt goes that fast... Lets hope it take a little bit longer before it hits the 20000$. Otherwise everyone is dumping there BTC and goes the price down again.
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saltedegg

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bitcoin ath is at 20k usd,  next time we reach 20k again, i think bitcoin will shoot pass it and have another ath record.  2018 is a correction year, and i see 2019-2020 as breakthrough years.  hold on your dear bitcoins!
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t3ChNo

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Again, it just a prediction. No matter how good your data is, sometimes it won't go your way.
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mcabrito

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Yes predictions are just predictions and no assurance that it will happen surely in the future because no one can tell what is gonna happen in the near future wether it will be good or bad for us.
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Looden

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Again, it just a prediction. No matter how good your data is, sometimes it won't go your way.

Not sometimes :) Almost everytime :)
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BTC Addresses:
1LoodenLGSk47jKqg7fSAAjHZnBwFvbZQ9
1GGuroLpwso8j98vi5bBkAGqMYcEb6Yrbw

llyfee

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Call me cynical but i think that all these so called experts and published analysis /opinion pieces all have vested interests one way or another.   The fact is most of these guys are also heavily invested in crypto and its in their interest to drive markets in one direction or another, whichever suits their investment. 
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wolffz0908

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Yes they are called whales, those big investors are just focusing on their profit. They are here for many years now and they can easily play the market.
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cammie16

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Bitcoin just got dumped again yesterday and maybe will take some time to recover again. I am hoping for a positive news to happen soon, I think we need more patience now.
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Omosalamy

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The manipulation is much and its killing crypto ...i hope this whales learn to make this move forward but they are just greedy
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phucdigan

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Speculation is not always accurate. And in the latest analysis by experts, it is very difficult for BTC to return to $ 9k for at least the next 5 months.
BTC price broke the triangle on the chart in the negative direction.
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mymy000000

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They were completely wrong 100%. At present, the BTC has dropped to $ 5k and is on the slide to $ 4k.
This is a powerful blow to the "experts" predict!  8)
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mryoso1994

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Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019. Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900.

“Bitcoin has to take out $6,800, and after that we could end the year at $8,800-9,000,” he said.

The largest cryptocurrency has refrained from any marked movements up or down in recent weeks, instead revealing a streak of stability, which commentators such as Fundstrat Global Advisors analyst Tom Lee have hailed as a sign markets are maturing.

Next year, however, conditions should change markedly, says Novogratz, with institutional investors’ “FOMO” (‘fear of missing out’) causing a surge in prices.

“There’s going to be a case of institutional FOMO, just like there was in retail,” he continued.

That rush to invest should see Bitcoin “take out $10,000” by the end of Q1, from there continuing to break December 2017’s all-time highs and head to “$20,000 or more.”

Novogratz had previously made similar predictions last month, specifically targeting the first half of 2019 for institutional interest and a December 2018 Bitcoin price not higher than $9,000.

Lee also continues his buoyant outlook for Bitcoin in the short term, telling Cointelegraph in an interview that the coin was “preparing to break out
i think galaxy dig prediction will be wrong, now btc is 5500 range
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Pivooooo

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Bitcoin can do anything. It can go down up to 5 thousand and go up fast from 6800. You just need to be always ready for any changes
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