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Will Bitcoin Go Back Up? Bitcoin Price Prediction 2019

Ah, December 2017. We remember it clearly — Home Alone was streaming from Netflix and Bitcoin was commanding a steep $19,786 per token coming into Christmas Day, up $11,779 from the month before. Then, January 2018 hit and the price dropped by 50%, and it's been a rocky road ever since. That bodes the question: Will Bitcoin go back up? Here's our Bitcoin Price Prediction for 2019.

The value of Bitcoin is on the incline. At the start of 2019, the price orbited around the $4000 mark, remaining somewhat consistent through April when it spiked to $5000. In May, there was a further surge that sent it up to $8800, before closing at $8300 at the end of the month. After a brief dip at the start of June, the value rocketed to $10,000, idling around the same point right through August 7, when this article was written.

So, what can we learn from that? First, Bitcoin is volatile. Oh, so unpredictable. As such, it's hard to predict where the value will sit tomorrow, let alone at the end of 2019. Several analysts have, however, used their expertise to forecast future trends, with Pantero CEO Dan Morehead noting that's a strong chance Bitcoin could hit $42,000 by the end of 2019. But that's just water cooler talk; there's no real foundation to the claim.

The internet is filled with many more theories like it. Morgan Creek Digital co-founder Anthony Pompliano, for example, has predicted that the price of Bitcoin will reach $100,000 by the end of 2021, citing the trend towards loose monetary policy, combined with Bitcoin's upcoming halving event, as the "perfect storm" for the rise of the digital asset. Then again, that's just speculation — like the rest of the price predictions with it.

We, for one, think it's likely the price is going to continue to rise throughout the rest of 2019, but we don't know by how much. And that's because there are several factors that can send the value plummeting or flying through the roof. Case in point: If a major country, such as the United Kingdom, banned it, the value would drop. On the flip-side, if news broke that a major financial regulation has adopted it, the value would fly.