Despite recently falling from over $8000 to nearly $7500, Bitcoin (BTC) has still had a great 2019. It has more than doubled since the year, and prices may continue rising to reach $10,000 soon.
Yesterday, we compared BTC’s price gains against the movements of Tesla, Inc. (TSLA) for the year 2019. In this analysis, we compare BTC against Netflix (NFLX). We analyze the trends and technical indicators of both to assess which has been the best performer for the year-to-date.
In addition, we attempt to predict likely possible future price fluctuations for both.
Bitcoin’s Previous Movements
In our May 22 analysis of BTC and TSLA, we noted that BTC broke out above a horizontal resistance line in April as shown in the graph below:
Falling From a Double Top
If Bitcoin has reached a top, then a reversal may have already occurred. We already assessed that BTo try and predict the strength of this uptrend, a look at technical indicators is required. The price of Bitcoin is analyzed alongside the RSI and the 100- and 200-day moving averages (MA). In addition, we have noted a possible double top pattern which has recently emerged.
Netflix
Netflix (NFLX) opened on Jan 2, 2019, at $259.28. Within two weeks, the price had spiked by nearly $100. A high of $358.85 was reached on Jan 16. A support line is traced at $342.50 in the graph below. It emerged around Feb 12 and has been validated several times over the last few months.


Comparison and Summary
Now that we have analyzed both BTC and NFLX for the year to date, it is time to compare and summarize our findings. In the graph below, the price fluctuations of Bitcoin and Netflix are shown for the period January 1 to May 23, 2019 in the graph below. Percentile gains and losses are shown on the right-hand scale.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
READ FULL BIO
Sponsored
Sponsored