The current Bitcoin price momentum makes very little to no sense. Many people expected big things in 2019, yet it seems every minor uptrend is pushed down in violent fashion. Even notorious Bitcoin bull Tim Draper acknowledges the year 2019 will not yield the predicted results. In fact, he claims the Bitcoin value will struggle significantly to reach $250,000 – assuming that ever happens. 

The Failed Bitcoin Price Prediction

A lot of people expected Bitcoin to rebound strongly after what can only be described as a painful 2018. After the world’s leading cryptocurrency set a new all-time high in late 2017, things have gone downhill at an alarming rate. The price bottomed out near $3,000 and has been trying to regain some of the lost momentum ever since. Today, one Bitcoin is worth $11,4000, which is a more than respectable value.

According to Tim Draper, 2019 would be the beginning of a strong Bitcoin price rebound. So much even that this year would pave the way to reaching $250,009 by some point in 2022. That prediction…

Click to continue reading on its source location…

Source: https://themerkle.com/the-rising-bitcoin-dominance-index-wont-result-in-a-higher-bitcoin-price/