How I Predicted Bitcoin’s Biggest Breakout in 2019

Eric Elliott
May 14 · 8 min read
Image: Sunova Surfboards (CC BY NC ND 2.0)

“With all this supporting data, I’m making a prediction: BTC to $6,500 USD soon.” — Published April 10, 2019.

Bitcoin’s price was temporarily artificially depressed by news whose impact was wildly exaggerated, which led to a huge buying opportunity that lasted for months.

Transaction Volume

Source: Coinmetrics.io
Source: Woobull.com

Hash Rate

Source: Woobull.com

Active Addresses

Source: Coinmetrics.io

Transaction Count

Source: Coinmetrics.io

Average Transactions Per Second

Source: Blockchain.com

Average Transaction Value

BTC Average Transaction Value. Source: Coinmetrics.io

Average Bitcoin Transaction Fee

Source: Coinmetrics.io

Bitcoin as a Settlement Layer

Lightning Network Capacity Growth. Source: Bitcoin Visuals

The Challenge

Our goal is to build a world that democratizes opportunity, where people control their own privacy and property, and all people participate in processes that are transparent, trustworthy and inclusive. Join us. #crypto #blockchain #bitcoin #technology

Thanks to JS_Cheerleader.

Eric Elliott

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Make some magic. #JavaScript

The Challenge

Our goal is to build a world that democratizes opportunity, where people control their own privacy and property, and all people participate in processes that are transparent, trustworthy and inclusive. Join us. #crypto #blockchain #bitcoin #technology