The world’s leading decentralized digital currency, Bitcoin, has undergone a dramatic transformation over the past several years. Built on blockchain technology, Bitcoin has captured global attention with its volatile price movements and immense investment potential. While it was valued at just €307 per Bitcoin on November 20, 2015, its price skyrocketed to an all-time high of €16,721.77 on December 15, 2017—a staggering increase in just over two years.
This explosive growth created life-changing profits for early investors who bought low and sold at peak prices. However, following the 2017 surge, Bitcoin entered a prolonged correction phase. By March 15, 2019, its value had dropped significantly to €3,517.13, raising questions about its future trajectory and investment viability.
Understanding Bitcoin’s Price Potential: A Real-World Example
To illustrate the earning power of strategic Bitcoin investment, consider this scenario:
An investor who purchased 10 Bitcoins in 2015 at €307 each (total investment: €3,070) and sold them at the December 2017 peak of €16,721.77 would have received €167,217.70. After deducting the initial cost, that’s a net profit of €164,147.70 in just two years.
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This example underscores Bitcoin’s extraordinary potential—but also highlights a critical truth: success depends heavily on timing, patience, and market insight. Only those who bought low and sold high reaped massive rewards. Since the 2017 peak, the market has been more subdued, testing the resolve of long-term holders and attracting cautious new investors.
Bitcoin Price History and Market Trends
Bitcoin’s journey from 2015 to 2019 reflects a classic boom-and-bust cycle followed by stabilization efforts. After reaching its historic high in late 2017, the cryptocurrency entered a bear market throughout 2018. On December 14, 2018, Bitcoin hit a low of €2,814.09, its weakest point since August 2017.
Despite this downturn, many investors remain optimistic. They hope history repeats itself—just as prices surged after the 2015–2016 consolidation, another rally could be on the horizon. However, most financial experts caution against expecting a sudden explosion like the one seen in late 2017.
Market maturity, increased regulatory scrutiny, and broader public awareness have changed the landscape. Unlike in earlier years when rapid price swings were common due to low liquidity and speculative trading, today’s market is more resilient—but also less prone to overnight windfalls.
Should You Buy or Sell Bitcoin in 2019?
For current holders, the pressing question is:
Should I sell now or hold for potential future gains?
The answer largely depends on your entry price. If you acquired Bitcoin at or above €8,000, selling at €3,500 would result in a loss—making holding a more logical strategy unless you anticipate further declines. Conversely, if your purchase price was below €3,000, locking in profits might be wise.
For new investors, the current price range presents an opportunity to enter the market at relatively low levels. With Bitcoin trading around €3,500 in early 2019, it's significantly cheaper than its all-time high.
However, expectations should be realistic. The days of easily doubling or tripling your money within weeks are likely behind us—at least for now. As mainstream adoption grows, price movements are expected to become more gradual and influenced by macroeconomic factors rather than pure speculation.
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Moreover, many investors are diversifying beyond Bitcoin into alternative cryptocurrencies such as Ethereum, Litecoin, and Ripple, seeking higher growth potential in emerging digital assets.
Bitcoin Price Prediction for 2019
One of the most cited forecasts came from Tom Lee of Fundstrat Global Advisors. In early 2019, he predicted that Bitcoin would stabilize and potentially resume upward momentum starting in August.
“If Bitcoin holds above $4,000, it will climb above its 200-day moving average by August. I think the outer window is about five to six months. Then technically, Bitcoin will look like it's back in a bull market.”
— Tom Lee, Fundstrat Global Advisors
This technical outlook suggested that sustained price strength above key support levels could signal a broader recovery. However, not all indicators were bullish.
Reports from financial outlets like Bloomberg pointed to weakening momentum. Technical analysis showed declining trading volumes and bearish patterns, suggesting that any rally might be short-lived without strong institutional or macroeconomic catalysts.
Key Factors Influencing Bitcoin’s 2019 Outlook
- Market Sentiment: Improved investor confidence following the 2018 crash.
- Regulatory Clarity: Growing government frameworks may boost legitimacy.
- Institutional Interest: Increased involvement from traditional finance players.
- Halving Event (2020): Anticipation of the next mining reward halving began building in late 2019, historically a bullish precursor.
While no one could predict the exact path, many analysts believed that late 2019 to mid-2020 could set the stage for a new growth cycle—especially if Bitcoin maintained stability above €4,000.
Updated Insights: Bitcoin Performance by November 2019
When this article was first published in March 2019, Bitcoin was trading near €3,500. Investors who bought at that level saw substantial returns during the summer months.
From June onward, Bitcoin fluctuated between €8,000 and €10,000, peaking on July 9, 2019, at €11,209.44. This represented a potential profit of over €7,700 per Bitcoin for those who bought at the March low—validating Tom Lee’s forecast with remarkable accuracy.
However, by November 27, 2019, the price had pulled back to €6,297.11, echoing patterns seen in previous years. Similar to 2018, Bitcoin reached a summer high before gradually declining toward year-end.
This recurring trend suggests a possible seasonal pattern:
- Winter/Spring (Dec–Mar): Lower prices offering buying opportunities.
- Summer (Jun–Aug): Price surges driven by renewed interest or market catalysts.
- Fall (Sep–Nov): Gradual pullback as momentum fades.
If this cycle continues into 2020, strategic investors may benefit from buying during winter dips and selling during summer rallies.
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Frequently Asked Questions (FAQs)
Q: Was the Bitcoin price prediction for 2019 accurate?
A: Yes—analyst Tom Lee correctly anticipated a recovery starting in mid-2019. Bitcoin broke above $4,000 and climbed toward $13,000 by year-end, aligning with his technical outlook.
Q: Is it still worth buying Bitcoin in late 2019?
A: At €6,300, it's riskier than buying at €3,500—but still potentially rewarding if long-term growth continues. Many analysts viewed late 2019 as a consolidation phase ahead of the 2020 halving event.
Q: Why did Bitcoin drop after hitting €11,209?
A: Profit-taking after rapid gains, reduced media hype, and lack of major new catalysts contributed to the decline. These are common after sharp rallies.
Q: Are seasonal trends reliable for Bitcoin investing?
A: While not guaranteed, historical data shows recurring patterns—such as stronger performance in spring/summer months. Always combine trend analysis with fundamental and technical research.
Q: Should I invest in Bitcoin or other cryptocurrencies?
A: Diversification helps manage risk. While Bitcoin remains the most established digital asset, altcoins like Ethereum offer different use cases and growth potential.
Q: What drives Bitcoin’s price changes?
A: Key drivers include market sentiment, macroeconomic conditions, regulatory news, technological developments, exchange activity, and supply constraints like the mining halving.
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