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Bitcoin Price Prediction

Mainstream Media Induce FUD Manipulating Latest Cryptocurrency Regulation Speech From India

Why is Bitcoin dropping today again?  With all the hysteria in recent weeks, any negative news will easily spook cryptocurrency investors.  The latest FUD news came out of India yesterday, when their finance minister, Arun Jaitley, said in his speech that cryptocurrencies in its current form will not be a legal tender and Indian government intends on cracking down on illicit activities using cryptocurrency.  That actually sounds fairly harmless, there’s nothing new in that statement.  No first world country accepts cryptocurrency as legal tender, and governments worldwide are already aware of the black markets using crypto, this is just another reminder from the India finance minister.

Problem is the main stream media is so desperate for clicks, started creating FUD headlines to draw attention.  Check out these click baits from the media, spreading false news.

And these tweets…

To give you a better sense of what the India finance minister said, you should read the full speech in full.  To be clear, here is NO ban on cryptocurrency in India.

Of course it was too late to clarify the truth with the false rumor spreading like wildfire. Price of Bitcoin crashed from $10,300 to about $8,500. The downward pressure doesn’t seem to be subsiding anytime soon. Hang on tight Bitcoin bulls, godspeed. See you on the other side!

Bitcoin Price Prediction 2019: $16,000 Target In Next 30 Days!

Whether you are a Bitcoin hodler since the stone age or a noobie investor, you are not happy about the Bitcoin performance over the past month.  But don’t worry, we got some good news for you.  Bitcoin price will reach $16,000 by the end of February.  To be conservative, our prediction has Bitcoin going up to at least $12,000.  So just be patient, we are just going through some market corrections.

Bitcoin corrections have occurred in each of the previous three Januaries, from 2015 to 2017. The price dipped quite a bit in those early months.  And guess what…in each of the three previous February months, the price bounced back strong.  If you calculate from the January trough to the February peak over the past three years, the gains were 55% in 2015, 26% in 2016, and 59% in 2017.

It is time to count the chickens before they hatch, bring out the deep fryer and waffles while you are at it.  We are on our way back to $16,000 land and jetpacking to the moon.

All kidding aside, this is all based on past performances of course, and you know what they say….past performance does not necessarily predict future results.  But we are sure these past results would be quite interesting to you Bitcoin bulls.

We have experienced a heavy resistance level around $12,000, so as we reach around the $12,000, be ready to take profit if we do not break out above that level quickly.

Check out the graphs below, these should get you excited for February.

Bitcoin February 2015 Return

Bitcoin February 2016 Return

Bitcoin February 2017 Return