Research firm Fundstrat Global Advisors introduced the new forecast, according to MDM in 2019 bitcoin will find a new price rise. Ironically, its publication practically coincided with the sudden growth of the market on Friday, February 8.

As he wrote in his recent tweet senior analyst, Thomas Lee, 2018 is truly a year of “hangover” after the historic heights December 2017.

CRYPTO: we published our 2019 crypto outlook this am. Positive incremental developments coming. First paragraph below. pic.twitter.com/JkkBEvRmxl

— Thomas Lee (@fundstrat) February 8, 2019

In particular, he notes, the market was pressured by such factors as a decline in activity in the sector of ICO, not the most favorable news from the point of view of regulation of the industry, as well as excessive enthusiasm for the further development of the ecosystem, from investors and the community.

At the same time, continued infrastructure development – the launch of the network Lighting Network, the expansion of exchanges, the emergence of new purses. But even these positive in all respects events are unable to change the situation for the better, resulting in expectations of crypto-currencies was very low if they even have to speak.

However, Fundstrat analysts believe that, in General, 2019 needs to be more positive to bitcoin.

CRYPTO: 9 we see incremental improvements in the landscape that ultimately support higher prices.

See below… pic.twitter.com/7DSrfVjkoi

— Thomas Lee (@fundstrat) February 8, 2019

First of all, they believe that will have a positive impact on the price of the first crypto-currencies to the weakening of the U.S. dollar and more than confident results the equities of emerging markets. Analysts also expect increasing activity of institutional investors in the field of cryptocurrencies, primarily in the sectors of custodial products and OTC trading.

In addition, the impetus for higher consumer demand for cryptocurrency may be the recent addition of support for Bank cards in exchange Binance a chance of achieving critical mass in network, Lightning Network, as well as the IPO of large companies such as Bitmain and Bitfury. Another positive for the industry phenomenon may be the reduction of trading volume on the derivatives exchange BitMEX.

For all these reasons, analysts Fundstrat concluded:

“We have identified the main factors that can affect cryptocurrency, and see more positive than negative development of the event. In General, the 2019 overall picture of bitcoin should improve.”

We will remind, earlier you said that by the end of 2018 bitcoin will reach a new height and will cost about $25 000. In December last year, he, however, refused to give any further predictions regarding the “fair price” of cryptocurrency.

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