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Bitcoin Price Is Expected to Experience "Mega Bounce" to $14,000: Crypto Trader

  • Alex Dovbnya
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    Crypto trader predicts that Bitcoin could bottom out at the $6,000 level before shooting up to $14,000

Bitcoin Price Is Expected to Experience "Mega Bounce" to $14,000: Crypto Trader
Cover image via www.123rf.com

While the Bitcoin price continues to range in the $8,100 region, some traders are sharing their wild short-term predictions.

Namely, "Credible Crypto" expects a mega bounce by the end of 2019. However, prior to that, the bulls will experience more pain given that the BTC price could drop to as low as $6,000. Such a strong correction from this year's high of $13,700 would seemingly invalidate any bullish narrative, but the analyst is certain that Bitcoin will rapidly rise from there. 

Bitcoin is no stranger to volatile price swings, so this forecast doesn't seem too far-fetched. Moreover, it goes in line with Peter Brandt's prediction about the BTC bottoming out at the $5,000 level in January 2020 before starting its next parabolic move to $50,000

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Bitcoin Price Possible Heading for $6,000 Would Still ‘Make Bullish Structure Macrowise”, Analyst Says

Bitcoin Price Possible Heading for $6,000 Would Still ‘Make Bullish Structure Macrowise”, Analyst Says

Meanwhile, as reported by U.Today, Bitwise says that they are "closer than ever" to Bitcoin ETF approval. Considering that the SEC is supposed to voice its final decision as early as this week, the Bitcoin price is bound to experience another major move in the short-term. 
 

Do you think Bitcoin will eventually drop to $6,000? Feel free to voice your opinion in the comment section! 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln

  • Yuri Molchan
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    Tron’s TRX was the second highest-growing asset earlier today, as number of accounts on the network got over 3.8 mln

TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln
Cover image via www.123rf.com

Justin Sun-founded Tron has reached another big milestone, this time it concerns the number of active accounts on the network.

From a recent tweet of a Tron community member, it is clear that the number of accounts registered on Tron now totals more than 3.8 mln – 3,803.403 as per the offered screenshot.

As per the Tron’s market stance, TRX has so far managed to hold on to position #11 on CoinMarketCap, where it has recently returned after spending quite a long while on spot #14.

Earlier today, Tron showed the second best price performance on the top 11 list, coming second after XRP.

XRP-TRX
Image by CoinMarketCap

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At press-time, TRX is sitting at $0.0165, showing a mild rise by 1.75 percent. As reported by U.Today earlier, this morning, the coin demonstrated a spike by 4.32 percent.

TRX price
Image by CoinMarketCap

As well as getting back to position #11 on CoinMarketCap, recently, Tron celebrated 500,000 new users joining the network. Another recent milestone reported by Justin Sun was the significant progress with users transferring their USDT coins to the Tron chain.

 

Are you bullish on further TRX price? Talk to us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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