BTC Reaches $19k – Prediction For 2018

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17. December 2017 09:53 GMT – Starting about 15:00 GMT yesterday, the buy-sell activity in the BTC-USD exchange rate increased markedly. This contributed some stabiity to the price, and this reinforced the earlier increase above $18k. The price increased to above $19k at about 19:15 GMT and stabilised at about $19’300 since about 03:00 GMT. There were some excursions below $19k but also some above $19’500 during this period.

18. December 2017 07:38 GMT – There was a flurry of activity between midnight and 02:30 GMT this morning, and the sellers were stronger. The band of activity is now centered at about $18’800 and is wider than before +/- $500 or so.

19.December 2017 13:28 GMT – For the rest of the day yesterday and overnight, the exchange rate stayed reasonably level – running between $18’800 and $19’000 with very little trading. But at about 09:30 GMT this morning, it appears that a large holding was sold on a scheduled program. There was purchasing as well, also with a planned look (programmed reaction?), and these two programs knocked the price down to as low as about $17’400. It has since recovered to about $18k where it appears to be levelling out, but this is only over a 1 hour span so far.


What’s In The Future for 2018?

Where do we go from here? I expect that the price will approach $20k during the next few days, but I also expect some resistance above $20k. I think there will be a lot of sellers who have set $20k – or a little below or above that – as their sell point and will take their profits before the holidays and the end of the year. For 2018, I expect some additional resistance at the beginning of the year with sellers locking in USD profits for the new year. Within a few weeks I predict a resumption of the strong upward trends that we saw in the last quarter of 2017.

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This chart uses quotes from “Trading View”, most of our texts use quotes from Bitfinex, which often are lower.

The BITCOIN Advantage

Hello and welcome to The Bitcoin Advantage.
What is this about?

The basic idea is fairly simple – if you play your cards right, you can take advantage of the immense price run-up that Bitcoin has had over the past half-year (from 1 Feb to 28 Aug 2017) that is an increase to 2744.918 from 958.374 => 186 percent increase. If you assume that rate for a full year, then it is over 470% per year. Where else can you get almost 5 times the value of your initial input in one year?

And if you look at the past full years (Jul 1 – Jun 30 or Jul 1 – Jul 1), it is still impressive (looking at USD for 1 BTC):

Year Start Price End Price Percent Percent Increase
2016-17 644.88 2553.40 396 296
2015-16 261.13 628.12 240 140
2014-15 93.22 261.13 280 180
2013-14 6.635 93.22 1404 1304
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What that tells me is that it is important to get in, regardless when you start. Even the lowest return (90% annual increase in from 2014 to 2016) is still an amazing feat.

Here’s a chart using closings as recorded by Oanda, a foreign exchange firm. [ Note: with Oanda, the daily prices quoted are the fixing from the day before. That means a value with today’s date is from yesterday, and the price for today is a look at the present exchange rate, and is constantly moving until it is fixed. ]

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Here is a plot of the value of Bitcoin in USD over six-plus years [the dates are a little bit crazy in this plot]. Suffice it to say that the chart starts in mid-2010 and finishes at the beginning of 2017. Since this chart was made, the price of BTC has more than doubled (to well over $2550 in late July 2017).

BTC Price in USD
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Advice: “Stay tuned and we will see what develops!”

Craig Hesser for
Bitcoin Fortune Builder | http://bitcoinfortunebuilder.com