Bitcoin doesn’t need much of an introduction. Created in 2009, Bitcoin was the first blockchain and has paved the way for the whole cryptocurrency movement. The blockchain has use cases outside of cryptocurrency. Large companies like IBM are working to make the world more efficient with blockchain technology.
In the last month, we have seen Bitcoin rise from $3914 to $5422. It had a sharp drop back down to $4960 but has rebounded back above $5100. Some of the alts, including BCH, have seen large gains and crashes during this time. Bitcoin is currently down 74.5% from the all time high.
Where will we go from here?
Let’s look at some current stats:
Long-Term Bitcoin Forecast
There is no shortage of long-term Bitcoin price predictions. Many of these predictions are quite generous. Many have turned out to be inaccurate, but some have been correct.
Tim Draper predicted that Bitcoin would hit $10,000 by 2018. Draper was right and has laid forth another prediction. He thinks that Bitcoin will reach $250,000 within 5 years.
Sonny Singh, Bitpay Inc.’s chief commercial officer, predicted that bitcoin could hit $15,000-$20,000 before Thanksgiving this year.
Bitcoin Price Prediction April 2019
What will happen with Bitcoin this month? Let’s take a look at a few predictions.
Wallet Investor is no stranger to bearish crypto predictions. They predict Bitcoin will take a massive dip in the future, but that it will rise in the short term. Wallet investor predicts that Bitcoin will reach $6116.72 before the start of May.
Coin Predictor has a different take. They say that Bitcoin has already hit the April high and should go down from here. According to them, BTC should drop below $4400 and rebound to $4982 before the month is over.
Trading Beasts is bearish for April, predicting a drop to $3407.
Bitcoin is likely to continue rising in the long term. Spending Bitcoin has never been easier. Coinbase just launched the Coinbase Card. This will allow holders to spend Bitcoin anywhere that Visa is accepted. It is only available in the United Kingdom at this time.
The highest that Bitcoin will likely reach this month is $5620. A sharp decline is just as possible and could reach $4135.
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