Bitcoin Billionaire Pinpoints Arrival of Crypto Spring, Plus XRP, Ethereum, Tron: Price Analysis

 

Chinese crypto billionaire Zhao Dong says he believes the bear market will end next year. According to the Chinese outlet 8BTC, Dong told his WeChat following that the most promising projects will emerge in the long run.

“More crypto projects and companies will die this year, but meanwhile the next wave of more promising ones will emerge from ashes, making 2019 both the best time and the worst time for investors and entrepreneurs. 2019 will see good projects are cheaper to invest in and entrepreneurs will benefit from less competition. The only thing you need is patience.

“In the bull market, I don’t persuade people to buy Bitcoin, because it seems easy to make quick money but in fact it is not. Now is when I start talking people into buying Bitcoin.”

Dong is one of China’s biggest over-the-counter traders. Late last year, he predicted the price of Bitcoin will reach at least $50,000 by the end of 2021.

Right now, the market is mostly red, with Bitcoin, XRP and Ethereum all down 1.7%, according to the price tracker Coin360.

Source: Coin360

Overall, today’s technical analysis is positive, with CoinDesk in particular eyeing a short-term rally that could bring Bitcoin above $4,000.

Bitcoin

CoinDesk – Bitcoin Price Pattern Hints at Short-Term Rally to $4K

NewsBTC – BTC following slow and steady uptrend

FX Street  – BTC/USD bulls defend $3,600 

XRP

Blockonomi – Buyers not out of the woods yet

NullTX – Bullish crypto trends confirm XRP price is vastly underperforming

Cointelegraph – XRP trying to bounce off the critical support at $0.27795

Ethereum

Invest in Blockchain – Can the bulls now break above $127?

Ethnews – Ether could keep rising, downsides limited

NewsBTC – ETH could extend consolidation above $114

Tron

The Merkle Hash – Tron price drops slightly rollowing BitTorrent Token airdrop

Cointelegraph – Tron struggling to break out of the overhead resistance

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